{"id":1184,"date":"2019-10-29T00:57:00","date_gmt":"2019-10-29T04:57:00","guid":{"rendered":"https:\/\/www.nepc.com\/private-wealth\/newsroom\/chief-investment-officer-endowments-and-foundations-sticking-it-out-with-china\/"},"modified":"2021-11-02T19:09:36","modified_gmt":"2021-11-02T23:09:36","slug":"chief-investment-officer-endowments-and-foundations-sticking-it-out-with-china","status":"publish","type":"newsroom","link":"https:\/\/www.nepc.com\/private-wealth\/newsroom\/chief-investment-officer-endowments-and-foundations-sticking-it-out-with-china\/","title":{"rendered":"Chief Investment Officer: Endowments and Foundations Sticking It Out With China"},"content":{"rendered":"<div class=\"wpb-content-wrapper\">[vc_row][vc_column width=&#8221;1\/1&#8243;][vc_column_text uncode_shortcode_id=&#8221;973839&#8243;]Chief Investment Officer covered the <a href=\"\/insights\/nepcs-fall-2019-endowments-foundations-survey-results-infographic\" target=\"_blank\" rel=\"noopener\">2019 Fall Endowments and Foundations survey results<\/a> in an article titled, &#8220;Endowments and Foundations Sticking it Out with China.&#8221; <a href=\"https:\/\/www.ai-cio.com\/news\/45628\/\" target=\"_blank\" rel=\"noopener\">View the article on CIO&#8217;s site here.\u00a0<\/a><\/p>\n<p><!--more--><em>Despite volatility, long-term institutional investors see no reason to change strategy, NEPC study says.<\/em><\/p>\n<p>Protests in Hong Kong, a new era of civilian monitoring through an advanced &#8220;social credit&#8221; program, and the Sino-US trade conflict aren&#8217;t making institutional investors head for the exit on their Chinese investments. Instead, these long-term investors are sticking it out and holding onto their exposures in the world&#8217;s second-largest economy, a new survey by consulting firm NEPC found.<\/p>\n<p>&#8220;Endowments and foundations continue to be optimistic about the long-term potential for returns in China and the global economy at large, despite heightened volatility,&#8221; said Sam Pollack, principal of the firm&#8217;s endowments and foundations practice found. &#8220;While geopolitical tensions continue to drive conversations for thoughtful investors, alarm bells in the media aren&#8217;t translating into significant portfolio changers for organizations with a focus on the long-term.&#8221;<\/p>\n<p>Pollack&#8217;s comments closely resemble statements recently made by Caisse de d\u00e9p\u00f4t et placement du Qu\u00e9bec\u2019s (CDPQ) Anita George, executive vice president and head of strategic partnerships for growth markets.<\/p>\n<p>&#8220;We take a very long-term approach, and we see a country&#8217;s growth through different cycles,&#8221; George said. &#8220;Our view is that as long as you&#8217;re with the right partners, you can navigate through ups and downs that all countries go through. In today&#8217;s world, more countries are going through periods where things don&#8217;t go as planned.&#8221;<\/p>\n<p>NEPC added it believes China has the potential for relatively higher growth, compared to other international markets due to its development as a service-oriented economy.<\/p>\n<p>Ray Dalio, chief investment officer of Bridgewater Associates, found that China is &#8220;for the most part quietly winning the geopolitical war.&#8221; CIO recently investigated China&#8217;s growth trajectory and its apparent destiny to surpass the United States as the world&#8217;s largest economy in the next decade.<\/p>\n<p>The NEPC survey found that 79% of endowments and foundations have exposures to China in their portfolios, and 80% have no plans to change their exposure, while none have plans to decrease their exposure.<\/p>\n<p>The survey also touched on subjects regarding fears of an imminent recession, finding that only 14% of respondents believing a recession is likely within the next two years. About one in 10 endowments and foundations believe the hype regarding a recession is being sensationalized.<\/p>\n<p>Also, the survey revealed that almost half (46%) of respondents feel their short-term investment strategies are threatened by a slowing global economy. Also, none of the respondents felt that Brexit is a threat to their strategy.[\/vc_column_text][\/vc_column][\/vc_row]\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column width=&#8221;1\/1&#8243;][vc_column_text uncode_shortcode_id=&#8221;973839&#8243;]Chief Investment Officer covered the 2019 Fall Endowments and Foundations survey results in an article titled, &#8220;Endowments and [&hellip;]<\/p>\n","protected":false},"author":95,"featured_media":1185,"template":"","meta":{"content-type":"","footnotes":""},"newsroom_categories":[81],"newsroom_tags":[82,83],"class_list":["post-1184","newsroom","type-newsroom","status-publish","has-post-thumbnail","hentry","newsroom_categories-in-the-news","newsroom_tags-press","newsroom_tags-press-coverage"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Chief Investment Officer: Endowments and Foundations Sticking It Out With China<\/title>\n<meta name=\"description\" content=\"Chief Investment Officer: Endowments and Foundations Sticking It Out With China\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.nepc.com\/private-wealth\/newsroom\/chief-investment-officer-endowments-and-foundations-sticking-it-out-with-china\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chief Investment Officer: Endowments and Foundations Sticking It Out With China\" \/>\n<meta property=\"og:description\" content=\"Chief Investment Officer: Endowments and Foundations Sticking It Out With China\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.nepc.com\/private-wealth\/newsroom\/chief-investment-officer-endowments-and-foundations-sticking-it-out-with-china\/\" \/>\n<meta property=\"og:site_name\" content=\"NEPC - 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