Robinson Quoted in New York Times Article on Efforts to Thwart Federal Pension Plan Investments in Chinese and Russian Corporate “Bad Actors”

On Octo­ber 28, RWR Pres­i­dent and CEO Roger W. Robin­son, Jr. was quot­ed in a New York Times arti­cle on efforts by law­mak­ers and some Trump admin­is­tra­tion offi­cials to reverse a deci­sion by the Board of the Thrift Sav­ings Plan (TSP), which man­ages the pen­sion assets of fed­er­al gov­ern­ment employ­ees, to move TSP’s $50 bil­lion Inter­na­tion­al Fund into the MSCI All Coun­try World Index ex US, which includes sev­er­al Chi­nese and Russ­ian cor­po­rate “bad actors.”  Specif­i­cal­ly, these select com­pa­nies have a his­to­ry of enabling nation­al secu­ri­ty and human rights abus­es.  Speak­ing about index providers adding hun­dreds of Chi­nese com­pa­nies to their index­es direct­ly from main­land exchanges, Mr. Robin­son told the Times, “For Chi­na, this is the great­est free lunch pro­gram for cap­i­tal they’ve ever known, because they’re able to pen­e­trate the invest­ment port­fo­lios of scores of mil­lions of Amer­i­cans in basi­cal­ly one shot.”