Canadian pensions urged to up domestic allocation after Glencore’s bid for Teck
Institutional investors are pushing for Canadian pension funds to increase their holdings in domestic companies, which have seen their exposure to these firms decline over the past ten years. This has left some of the country's key companies vulnerable to foreign takeover bids, such as the recent unsolicited approach from Swiss miner Glencore for copper miner Teck Resources. Canadian pension funds only own a 0.8% stake in Teck, while China Investment Corp holds a 10.3% stake.0
