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Sovereign Wealth Funds Briefing - Categorized | Investment

Chinese sovereign wealth fund to open $482bln war chest

Posted on 30 July 2012

China Investment Corporation (CIC) is said to have set up a fund to seek exposure to the Australian resources sector. It reportedly involves a local fund manager and a multinational investment bank, and will make allocations worth $500m.
This activity may expand further, after CIC has suffered a negative return of 4.3% on its international equities holdings during 2011-12. Sovereign wealth funds like CIC in the past year have accounted for $A125bn worth of investment in the mining and energy industries across the globe………………………………………..Full Article: Source


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