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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Investment, Market

Wealth fund to invest NZ$6 bln on New Zealand assets and government bonds

Posted on 27 May 2011

Wealth Fund to invest NZ$6 billion on New Zealand assets and government bonds. China’s state-owned sovereign wealth fund, the China Investment Corporation may have set aside NZ$6 billion of its massive foreign reserves to invest in New Zealand assets, including government bonds.
The report by interest.co.nz caught traders by surprise. The market was short and many had to run to cover their bets. It sent NZD/USD flying higher over 100 pips to .81, up 1.5% for the day……………………………………….Full Article: Source


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