Senator Marco Rubio (R-Florida) and Senator Jeanne Shaheen (D-New Hampshire) want the Thrift Pension ... [+] System, which manages military pensions, to avoid indexes weighted to China. Brynn Anderson/ASSOCIATED PRESSFlorida Senator Marco Rubio wishes the MSCI Indexes were more strict in how they pick China stocks for their major benchmarks, but plucking out companies Washington deems bad is not part of their methodology. In July, MSCI CEO Henry Fernandez responded to a letter from Rubio inquiring about how they pick China stocks for their indexes. Where China is concerned, Senator Rubio is asking MSCI to do something it doesn’t do with any index. MSCI has been increasing the weighting of China’s mainland equities, known as the A-shares, in its massive MSCI Emerging Markets Index.

Source: Forbes October 22, 2019 14:15 UTC