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Sovereign Wealth Funds Briefing - Categorized | Market, People

CIC president: See global buying opportunities due to uncertain economic climate

Posted on 03 January 2012

The president of China’s $410 billion sovereign wealth fund said he sees buying opportunities brought about by the uncertain economic climate.
“Current global markets present quite a few opportunities; for instance, some assets are undervalued due to [a lack of] market confidence,” China Investment Corp. President Gao Xiqing wrote in an essay published in Caixin magazine. Gao said some rare buying opportunities have emerged because some sellers are eager for cash………………………………………..Full Article: Source


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