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Sovereign Wealth Funds Briefing - Categorized | Investment

Sovereign wealth fund speeds up overseas investment

Posted on 07 December 2009

From Globaltimes.cn: China’s sovereign wealth fund, the China Investment Corporation (CIC), has nearly doubled its overseas investment this year compared with last year, putting most of the funds into foreign energy and mining companies.

The sovereign fund, established in 2007 with $200 billion in assets, half designated for overseas investment, has turned to bulk commodities this year, with a dozen investments in en-ergy and mining companies around the world, totaling $9.5 billion, almost twice last year’s $4.8 billion overseas investment…………………………….Full Article: Source

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