CPPIB ups China exposure amid mainland exodus

Despite a generally bearish outlook on China among investors globally, Canada’s second largest pension plan is going against the grain, having increased its allocation to a Chinese logistics company last week. The Canada Pension Plan Investment Board invested $400 million in Goodman China Logistics Holding, an 80/20 fund joint venture with Australia's Goodman Group that invests in warehouse and logistics distribution centres in China. This latest allocation brings the C$183 bill…