West Virginia will stop investing in companies based in China through its higher education savings investment plan, the state’s chief financial officer said.
In an April 17 announcement, West Virginia Treasurer Riley Moore said his state will be transferring dollars from the plan, dubbed SMART529, into a fund that excludes investment in China-based companies. The plan is offered by the board of trustees of the West Virginia College and Jumpstart Savings Programs, where Mr. Moore serves as chairman.
