08.04.2013 - China sovereign wealth fundís shifting strategy
China Investment Corporation (CIC), the countryís main sovereign wealth fund, posted a 10.65% return on its overseas investment in 2012, registering an above 5% cumulative annualized return since its establishment in 2007. This is a significant improvement compared with the 4.3% loss last year, the fundís worst performance in 5 years. As a young member of the sovereign-wealth fund club, CIC has been constantly adjusting its strategies to respond to the changing international environment and to better serve its mandate of achieving higher returns on Chinaís rapidly growing foreign exchange reserves...............................................Full Article: Source
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