Market Views: Trump’s rising “capital war” with China
Washington's growing opposition to US investment into Chinese assets is affecting asset owners and has wider implications too, note market experts.
With the US election scheduled for November, President Donald Trump has dialled up his anti-China rhetoric to fever pitch, and it appears to be having an impact on the investment industry.
Last week it emerged that a $600 billion government pension fund had halted a plan to transfer some $50 billion of its investments into a portfolio tracking an index that included Chinese stocks. The move by the Federal Retirement Thrift Investment Board (FRTIB) came after sustained pressure fro…
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