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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment, Performance

China’s CIC 2012 return on overseas investment turns positive

Posted on 10 June 2013

China’s sovereign wealth fund, China Investment Corp (CIC), said its return on overseas investment swung to around 11 percent in 2012 from a loss in 2011, in part due to its diversified investment portfolio.
Gao Xiqing, vice-president of CIC, was quoted by the official Xinhua News Agency as saying that the total assets of the fund have increased to $500 billion from $482 billion in 2011, 40 percent of which are invested overseas. “The investment return in the past five years has surpassed previous expectations a little bit, but not that much,” Gao was quoted as saying……………………………………….Full Article: Source


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