Canadian pension funds halt India investments over virus
- The risk-averse funds are focusing more on protecting existing investments than on making fresh ones
- CPPIB has suspended ₹1,400 crore investment in an arm of the logistics firm JM Baxi
The Canada Pension Plan Investment Board (CPPIB) and Caisse de dépôt et placement du Québec (CDPQ) have halted some of their investments in India as Canada’s top two pension funds evaluate the impact of covid-19 on businesses in Asia’s third-largest economy.
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