CPPIB to put major chunk of emerging market funds in India, China

Canada’s biggest pension fund manager Canada Pension Plan Investment Board (CPPIB) could put substantial chunk of its funds earmarked for emerging markets in India, China and Brazil in the next five years.

CPPIB plans to put 33 per cent of its funds in emerging markets by 2025. India, China, and Brazil are big emerging markets for the fund manager, said Mark Machin, president and chief executive officer at CPPIB.

Currently, 2.5 per cent of its total assets ($10.6 billion) are in the country. It has total fund assets of $410 billion and plans to take it to $545 billion by