FTSE claims Hong Kong pension fund victories

The HK$30 billion ($3.8 billion) Subsidized Schools Provident Fund has shifted its benchmark for two allocations, a Hong Kong equities and a developed markets fund, from MSCI to FTSE indices, says Mark Makepeace, FTSE's CEO. This latest victory makes it the tenth Hong Kong pension fund with over HK$500 million in assets to start following FTSE indices since last year when FTSE became the benchmark for Mandatory Provident Fund scheme performance measurement, he adds.