Business
Canada’s Largest Retirement Fund Sells Car Stocks in Apple, Tesla, NIO, XPeng, Li
Canada’s largest pension fund by assets under management has recently made notable changes in its investments in
Apple
and four well-known electric vehicle manufacturers.
Canada Pension Plan has slashed its stake in Apple stock (ticker: AAPL), halving its investment in
Tesla
(TSLA) and almost wiped out the shares of Chinese electric vehicle manufacturers
NIO
XPeng
Automobiles
(LI) in the third quarter. The Canadian Pension Plan Investment Commission, known as CPP Investments, the pension regulator, has disclosed stock transactions, among others, in a form it submits with the Securities and Exchange Commission.