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Sovereign Wealth Funds Briefing - Categorized | Financials, Market, Performance

With 11.7pct 2010 return, China’s CIC is cautiously optimistic

Posted on 05 August 2011

Last year, China‚Äôs roughly $200 billion sovereign wealth fund increased its allocation to equities and alternatives while lowering its allocation to cash, the China Investment Corp.’s (CIC) recently released 2010 annual report shows.
“The international investment environment is getting more complicated, and there’s great uncertainties towards sustained global recovery and growth,” CIC Chairman Lou Jiwei said in the fund’s 2010 annual report, referencing factors such as the eurozone crisis and soaring commodities prices……………………………………….Full Article: Source


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