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Elsewhere Wednesday, BBG noted that.....>

MARKET TALK
MARKET TALK: Elsewhere Wednesday, BBG noted that "the board overseeing a
retirement-savings plan for federal workers is deferring a change in the
benchmark index it uses for its international fund to a gauge that includes
Chinese stocks. The Federal Retirement Thrift Investment Board was under
pressure from the Trump administration and some lawmakers in Congress to delay
the move. "Due to a meaningfully different economic environment related in large
part to the impact of the global Covid-19 pandemic, as well as the nomination of
three new FRTIB board members, pending further study, the FRTIB board is
delaying the implementation of the I Fund benchmark change to the MSCI ACWI
ex-U.S. Investible Market index from the MSCI EAFE index," the board said in a
statement Wednesday."
- This of course comes after recent reports pointing to increased pressure from
the Trump admin re: pulling out of Chinese investments.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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