Should Your 401K Be in Chairman Xi’s Bank?

One of the largest indexers in the world is set to announce a new round of increases in the weighting of mainland China stocks, and the addition is generating an unusual amount of controversy.

U.S. Sen. Marco Rubio of Florida doesn’t want the pension assets of federal employees supporting companies that may work against U.S. interests.

“In the case of federal employees, imagine the leverage the Chinese have if a significant amount of the retirement of service men and women in uniform and federal employees is invested in companies listed on Chinese exchanges that are not transparent, that do not undergo the same accounting scrutiny that others do and many of these companies are active agents of the Chinese government,” Rubio said on air today.