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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments, Trends

CIC bullish on gold in face of price slump

Posted on 19 April 2013

Wealth fund’s exposure is limited, board chief says, citing good performance of investment, and sees metal’s price rising over the long term. A senior official at China Investment Corp says the US$500 billion sovereign wealth fund has exposure to gold, although “not on a big scale”, and the fund is confident that gold prices will rise in the long run owing to limited global supply.
Jin Liqun, supervisory board chief at China Investment Corp, made the comment yesterday after gold prices tumbled earlier this week, reversing a 12-year winning streak……………………………………..Full Article: Source


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