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Sovereign Wealth Funds Briefing - Categorized | Trends

CIC splurge a boost for resources companies

Posted on 26 July 2012

China Investment Corporation, one of the largest sovereign wealth funds in the world, is poised to plough more money into energy, resources and infrastructure assets as it reduces its exposure to the volatile sharemarket after posting a 4.3 per cent loss on it global portfolios last year.
The prospect of the $482 billion fund unleashing its war chest on the resources sector is highly appetising for Australian companies looking for fresh sources of capital as traditional providers in Europe and the US are tightening belts………………………………………..Full Article: Source


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