Caisse de depot increases local exposure

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CANADA - The Caisse de dépôt et placement du Québec has invested an additional C$800m ($813m) in Quebec-based companies and restructured its benchmark to give a greater weighting to local firms.

Officials at Caisse adopted a new equity index dedicated only to Quebec-based firms, the National Bank Quebec Index. The $19.3bn Canadian equities portfolio will now use a custom benchmark that giv...

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