• SHARE

The Government Pension Investment Fund (GPIF), the world’s largest pension fund, has said it won’t include yuan-denominated Chinese sovereign debt in its portfolio.

The decision comes as FTSE Russell is set to start adding Chinese debt to its benchmark global bond index, which the GPIF follows, from October. The pension fund will instead use a version of the World Government Bond Index (WGBI) that excludes Chinese government bonds, according to Hiroshi Nagaoka, an official at the pension fund.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW

PHOTO GALLERY (CLICK TO ENLARGE)