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U.S. Pension Funds Took Positions in Blacklisted Chinese Surveillance Company

“At least one U.S. pension fund had worried this summer about whether to invest in the Chinese surveillance company” writes Min Read for reuters.com. One other company among the blacklisted eight that is owned by some of the big pension funds is iFlytek Co Ltd (002230.SZ), a speech-recognition firm.The New York State Common Fund, one of the country’s biggest pension funds, liquidated its position months ago.CalSTRS owned 4.35 million Hikvision shares at the end of June 30, 2018, the last data available.Another major fund investing in Hikvision shares is the Florida Retirement System (FRS), with 1.8 million shares at the end of June.
 
Source: reuters.com



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