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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

CIC reports $51.5bln net profit in 2010

Posted on 27 July 2011

China Investment Corp (CIC) added $35.7 billion in new investment in 2010, which reduced the cash balance in the sovereign wealth fund’s (SWF) overall portfolio from 32 percent to 4 percent, according to its 2010 annual report released on Tuesday.
CIC reported a net profit of $51.5 billion in 2010, with a net asset value of $374 billion. The annual return rate of its global portfolio reached 11.7 percent, and the accumulated annual return rate since establishment stands at 6.4 percent……………………………………….Full Article: Source

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