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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

China wealth fund’s overseas returns weaken

Posted on 06 March 2014

China Investment Corp. reaped returns of more than 8% from its overseas assets last year, according to a top official, indicating a potential weakening in the giant sovereign-wealth fund’s previous bets on commodities and the developing world.
CIC Executive Vice President Liang Xiang didn’t give a specific figure for the returns last year. By comparison, CIC has said it recorded overseas returns of 10.65% in 2012. “Though there was great volatility in the financial market last year, we adjusted our strategy in time and achieved a quite good result,” Ms. Liang said on the sidelines of the National People’s Congress, which opens its annual session on Wednesday………………………………………..Full Article: Source


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