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.”