Concerns over post-election changes in the U.S. relationship with China have brought CalPERS to sell some of its Apple shares. Meanwhile, the nation’s biggest state pension fund increased its stake in microchips, pharma and the Canadian company Tilray.
Chief Investment Officer
- Apple’s had a big year, but analysts are worried the tech company may see regulatory restrictions growing out of its China challenges.
- The Tilray stock purchase was a bargain, down 59% to $7.10 a share.
- CalPERS declined a Chief Investment Officer request for comment.
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