U.S. Pension Fund’s Index Switch Could Infuse Nearly $4 Billion into Indian Equities
A strategic move by the Federal Retirement Thrift Investment Board (FRTIB), a major U.S. pension fund with assets surpassing $600 billion, is poised to bring substantial investments to Indian equity markets. The FRTIB’s decision to transition from the MSCI EAFE index to the MSCI ACWI IMI ex USA ex China ex Hong index is expected …