09.03.2010 - China driving the fate of ETFs
From Thestreet.com: According to a recent Securities and Commission filing by the Chinese Investment Corporation, or CIC, the sovereign wealth fund holds north of $9 billion in U.S. equity investments. Aggregately, CIC has invested nearly $420 million in energy based ETFs and nearly $450 million to ETFs that track metals and mining companies. Both of these commodity-based sectors are highly valuable to China in that the nation's appetite for foreign oil and materials is likely to increase, pushing up demand for both..............................................Full Article: Source
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