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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

CIC seeks balanced portfolio

Posted on 15 January 2013

China Investment Corp, or CIC, is to balance out its portfolio this year, as a China-led global recovery mitigates risks, said CIC Chairman Lou Jiwei on Monday. The nation’s sovereign wealth fund wants to stick closely to its investment guidelines after it “under-bought” in Europe and “over-bought” in the United States and emerging markets in 2012 in response to global economic uncertainties.
“Our view is that 2013 will see a slow recovery … but there won’t be bright highlights, so we have decided to go back to having balance,” said Lou at the annual Asia Financial Forum in Hong Kong………………………………………..Full Article: Source


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