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Sovereign Wealth Funds Briefing - Categorized | Investment, Market, Research

Deals show CIC diversifying

Posted on 27 July 2009

From Alibaba.com: China Investment Corporation (CIC), the sovereign wealth fund that manages about a tenth of the country’s over $2 trillion foreign reserves, appears to be diversifying and turning to resources and commodities, according to a market analyst.

According to a recent Reuters report citing unnamed sources, CIC acquired a 1.1 percent stake valued at 240 million British pound ($394 million) in Diageo, a leading UK-based group that owns labels such as Johnnie Walker and Baileys………..Full Article: Source


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