Pension Fund’s Long-Term Investing Strategies

Looking ahead ten, perhaps even twenty, years into the future, what will be the hot sectors to invest in? Well, if we knew exactly what those would be, we’d be soothsayers, but the manager of one of the world’s largest pension funds has some interesting ideas in that regard.

Mark Machin, president and CEO of the Canada Pension Plan Investment Board, which manages $370 billion, discussed the areas he is looking at for future growth in an interesting interview with CNBC this week.  Among them are what he calls “retail 4.0” self-driving vehicles, and travel companies.

Regarding retail, Machin said, “We’re substantial investors in Alibaba, which we were pre-IPO and post-IPO. We’ve also invested in funds alongside them that are specializing in new retail, as well as Meituan-Dianping,” which is a Chinese food delivery app.