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Sovereign Wealth Funds Briefing 27.Jul 2011

Posted on 27 July 2011 by VRS |  Email |Print

Rachel ZeimbaGlobal sovereign wealth funds are set to hasten investing the billions of dollars of cash holdings they have built up in a rebound from the 2008 financial crisis that has lifted their combined assets to a record.
But unlike three years ago, when they rode to the rescue of Wall Street titans such as Merrill Lynch and Citigroup, the investments this time around are seen mostly of a smaller nature and into the faster-growing sectors such as resources and infrastructure……………………………………….Full Article: Source

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Posted on 27 July 2011 by VRS |  Email |Print

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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Posted on 27 July 2011 by VRS |  Email |Print

China’s state investment fund has said it has made a return of 11.7% on its portfolio in 2010. China Investment Corp (CIC) said its total assets were $409.58bn (£250bn) by the end of last year - more than double its original start-up fund of $200bn in 2007.
The total is 23% higher than the $332.39bn it held at the end of 2009. The sovereign wealth fund said it invested nearly half of its global portfolio in stocks last year……………………………………….Full Article: Source

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Posted on 27 July 2011 by VRS |  Email |Print

China Investment Corp. said it earned an 11.7% return on its overseas portfolio last year, boosting its assets to $409.6 billion, as the Chinese sovereign-wealth fund deployed almost all of its capital and accelerated investments into higher-risk assets.
CIC’s annual report, published Tuesday, highlighted the fund’s increasingly aggressive allocation, with more of the portfolio in so-called alternative investments, which include private equity, real estate and infrastructure……………………………………….Full Article: Source

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Posted on 27 July 2011 by VRS |  Email |Print

China Investment Corp (CIC), the country’s $300 billion sovereign wealth fund, said it was cautiously optimistic about its investment outlook this year, after posting a 11.7 percent return on offshore investments for the second year in 2010.
The robust performance, achieved last year as CIC boosted overseas investment by $35.7 billion while nearly depleting its cash holdings, could bolster its case to win additional government funding……………………………………….Full Article: Source

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Posted on 27 July 2011 by VRS |  Email |Print

Singapore long ago pulled ahead of Asian peers with the region’s highest income per head. But when it comes to transparency at sovereign-wealth funds, China rules. Beijing’s China Investment Corp. Tuesday issued its annual report, including the annual performance of its international portfolio. This gained 11.7% in 2010.
In contrast, the Government of Singapore Investment Corp. traditionally has reported 20-year annualized returns……………………………………….Full Article: Source

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Posted on 27 July 2011 by VRS |  Email |Print

Long-term concerns about the US and European fiscal deficits prompted Government of Singapore Investment Corp (GIC) to shift funds out of developed share markets but it still sees US Treasuries as a relatively safe investment.
The sovereign wealth fund, the world’s eighth-largest with an estimated US$300bil in assets, cut its holdings of shares in developed markets to 34% of its portfolio from 41% in the fiscal year to the end of March, its annual report shows……………………………………….Full Article: Source

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Posted on 27 July 2011 by VRS |  Email |Print

It’s a big day for SWF watchers. Not only one but two of Asia’s largest SWFs released annual reports –Singapore’s GIC and the Chinese Investment Corporation (CIC). Both reports give some detailed info on the asset allocation (currency and asset class) and returns (though GIC reports returns only on a 5 and 10 year horizon).
More interestingly they also give a good view into some of the ways in which long-term sovereign investors are looking at risk and thus how they might think about hedging these risks in an uncertain global growth and investment environment……………………………………….Full Article: Source

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Posted on 27 July 2011 by VRS |  Email |Print

Superannuation funds have been among the worst performing among developed countries, casualties of their love affair with shares.
They logged average returns of -2.8 per cent from 2008 to last year, with only the pension funds of recession-hit Estonia (-3.7 per cent) and Portugal (-3.1 per cent) faring worse among OECD countries……………………………………….Full Article: Source

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Posted on 27 July 2011 by VRS |  Email |Print

The nation’s foreign exchange reserves dropped to $33.54 billion by July 22, from $34.57 billion on July 13. The foreign reserves were lower than the level a year ago, when they stood at $37.86 billion.
Analysts are of the opinion that the most recent decline in reserves was partly explained by a surge in demand for the United States (US) dollars on the domestic market……………………………………….Full Article: Source

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Posted on 27 July 2011 by VRS |  Email |Print

Global sovereign wealth funds are set to hasten investing the billions of dollars of cash holdings they have built up in a rebound from the 2008 financial crisis that has lifted their combined assets to a record.
But unlike three years ago, when they rode to the rescue of Wall Street titans such as Merrill Lynch and Citigroup, the investments this time around are seen mostly of a smaller nature and into the faster-growing sectors such as resources and infrastructure……………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

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