10.06.2013 - China's CIC 2012 return on overseas investment turns positive
China's sovereign wealth fund, China Investment Corp (CIC), said its return on overseas investment swung to around 11 percent in 2012 from a loss in 2011, in part due to its diversified investment portfolio. Gao Xiqing, vice-president of CIC, was quoted by the official Xinhua News Agency as saying that the total assets of the fund have increased to $500 billion from $482 billion in 2011, 40 percent of which are invested overseas. "The investment return in the past five years has surpassed previous expectations a little bit, but not that much," Gao was quoted as saying..............................................Full Article: Source
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