China’s PPF scheme to have “low” equity allocation

The National Council for Social Security Fund (NCSSF), which manages China's state pension assets, has set a bold target of 95% as the probability of positive investment returns from its new public pension fund (PPF) scheme, reported China News Service, a state-owned agency. Given the current low-yield investment environment, that may be no simple task. To achieve it, the PPF portfolios will have a low allocation to equities, said NCSSF chairman Lou Jiwei on March 15 during meet…