CPPIB eyes Chinese assets as trade tensions hit valuations: Reuters
Canada Pension Plan Investment Board (CPPIB) could benefit from trade tensions between the United States and China by buying Chinese assets at knock-down prices, Reuters reported, citing comments made by CEO Mark Machin. CPPIB, one of the world’s biggest investors in real estate and infrastructure, has 8 percent of its funds invested in China and has said it expects to increase that number significantly in the next few years. “The thing for us is to be patient and look for good opportunities that are arising as a result of market stress and economic stress,” Machin said. “I think we’ll find very interesting opportunities in China over time as this continues.”
9 November 2018•2 mins read
