06.07.2015 - China Sovereign Fund Returns Drop on Dollar, Commodities
China Investment Corp., the nation’s $740 billion sovereign wealth fund, said returns on its overseas investments fell for a second year as a strong dollar and weak commodity prices eroded the value of its portfolio. The return dropped to 5.47 percent last year from 9.33 percent a year earlier, according to the Beijing-based company’s 2014 annual report released Friday. Net income at the fund, which holds government stakes in China’s biggest banks, rose 2.5 percent to $89.1 billion, the report showed...............................................Full Article: Source
Print