Mark Machin, president and chief executive officer of the Canada Pension Plan Investment Board (CPPIB) Cole Burston | Bloomberg | Getty Images SINGAPORE — Central banks have slashed interest rates this year in an effort to revive economies ravaged by the fallout from the coronavirus pandemic. Zero-bound refers to an expansionary monetary policy tool used by central banks to lower short-term interest rates to zero to stimulate the economy by reducing the cost of borrowing. […] We have a lot of other fixed income alternative in our portfolio so we have things like infrastructure, power renewables, we have credit exposure, we have hedge fund exposure — we have a lot of other things in that space but that holding government bonds in large size is something that we will continue to examine, whether that’s the right thing to do at the zero-bound,” Machin added. […] The fund is heavily invested in both the technology and health-care sectors and continues to invest, according to Machin. […] We think no company can survive and thrive in the long term if they are not considering their impact on the environment, if they are not considering their impact on the communities they are in, if they are not considering the quality of the governance that they are running their companies with,” Machin said.
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