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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

China CIC exec: 2012 overseas investment return was 10.65pct

Posted on 06 March 2013

China Investment Corp., the country’s main sovereign wealth fund, earned a 10.65% return on its overseas investments last year, CIC Executive Vice President Liang Xiang said Wednesday. CIC’s total accumulated overseas investment return since it was established in 2007 is now above 5%, Ms. Liang said on the sidelines of the National People’s Congress, the annual meeting of the country’s legislature.
CIC reported a 4.3% loss on its overseas investments in 2011 as its holdings, including energy and resource producers, were hit by volatile global markets. Ms. Liang said the U.S. and Europe would still be the fund’s main markets for investment this year, though the euro-zone crisis remains a major concern………………………………………..Full Article: Source


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