29.04.2009 - Chinese SWFs to move from cash, money markets
From Pionline.com: Investments in China Investment Corp. and the National Council for Social Security Fund — China’s two Beijing-based sovereign wealth funds — will likely shift into equity, real estate and alternatives in the next five years from cash and money market funds, according to a report from consultant Z-Ben Advisors. Assets for the two funds will remain relatively stable at a combined $295 billion by year end, but this figure will quickly climb to $631 billion by the end of 2014 largely because of additional government funding and investment returns, Z-Ben projected......Full Article: Source
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