Trump administration directs TSP board to ‘immediately halt’ planned I fund changes - May 13, 2020
By Nicole Ogrysko, Federal News Network
The Federal Retirement Thrift Investment Board will meet Wednesday morning to discuss the path forward for the international fund, following new demands from the White House to immediately cease implementation of a new, China-inclusive benchmark.
Labor Secretary Eugene Scalia asked the board Monday to reverse course on its plans to move the I fund to the Morgan Stanley Capital International All Country World Ex-U.S. Investable Market Index (MSCI ACWI ex-USA IMI).
The index covers 22 developed and 26 emerging markets and consists of large, mid and small-cap stocks from more than 6,000 companies, including Chinese securities.