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Sovereign Wealth Funds Briefing - Categorized | Investment

China SWF wants more to invest after May, June loss

Posted on 09 June 2010

From Bloomberg: China’s $300 billion sovereign wealth fund is asking the government for more funds after a 10 percent mark-to-market loss in May and June amid the European debt crisis, said Executive Vice President Jesse Wang.
“We believe the overall recovery is on track,” Wang of China Investment Corp. said at a conference in San Francisco yesterday. “We still anticipate the S&P 500 will go to 1,250” and may do so “before the end of the year.” The Standard & Poor’s 500 index has fallen 4.8 percent this year to 1,062………………………………………..Full Article: Source

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