Trump Eyes Ban on Federal Savings Investment in Chinese Stocks

President Trump is considering plans to bar a federal retirement savings fund from making investments in Chinese equities that pose a risk to national security, Bloomberg reported Friday. A source said the White House’s action could be implemented through an executive order.

The Thrift Savings Plan is expected to transfer by mid-2020 about $50 billion of its international fund in an effort to mirror an MSCI All Country World Index, which tracks stocks from China and other emerging markets.

The Federal Retirement Thrift Investment Board oversees TSP and decided three years ago to facilitate the fund transfer by the middle of this year.

Check Also

A-10 Thunderbolt II

USAF to Hold Virtual Industry Event for Aircraft Control System Redesign Effort

The U.S. Air Force plans to host a virtual industry event from Aug. 25 to 26 to answer queries and obtain input in line with the redesign of the A-10 Thunderbolt II aircraft's central interface control system.