30.07.2010 - CIC reports 11.7pct global return for 2009 on commodities bets
From Bloomberg: China’s sovereign wealth fund posted an 11.7 percent return on its overseas portfolio in 2009, reversing a loss a year earlier, as it raised bets on commodities to benefit from a rebound in global markets. Net income surged 80 percent to $41.7 billion. Total return on equity, including gains from the overseas portfolio and holdings in local banks, was 12.9 percent, compared to 6.8 percent in 2008..............................................Full Article: Source
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