RWR Quoted in Financial Times Article on FRTIB Inclusion of Chinese Corporate Bad Actors
On August 26, RWR Advisory Group CEO Roger W. Robinson was quoted as part of an article in the Financial Times which addressed concerns expressed by Senators Marco Rubio ® and Jeanne Shaheen (D) that a shift in the investment strategy of the Federal Retirement Thrift Investment Board (FRTIB) would lead to the savings of U.S. military personnel and civilian government employees being used to fund the activities of Chinese corporate national security and human rights abusers. Under a 2017 decision, the international shares portfolio (some $50 billion) is set to be aligned next year with the MSCI All-Country World ex-US Investable Market Index. Mr Robinson told the Financial Times, “This controversy should send an unmistakable message to Wall Street and other fund managers and index providers that henceforth the material risks associated with Chinese corporate national security and human rights abusers must be taken into proper account.”