Arab Today, arab today china sovereign fund makes 117 return in 2010
Last Updated : GMT 21:53:08
Arab Today, arab today
Arab Today, arab today

China sovereign fund makes 11.7% return in 2010

Arab Today, arab today

Arab Today, arab today China sovereign fund makes 11.7% return in 2010

Beijing - AFP

China\'s $400 billion sovereign wealth fund said Tuesday it made a return of 11.7 percent on its overseas investments last year as it put more of its focus into emerging markets. China Investment Corp (CIC) said its total assets hit $409.58 billion by the end of 2010 -- more than doubling from 2007, when CIC was set up, and higher than the $332.39 billion held at the end of 2009. CIC, which published its annual report on Tuesday, said it had invested nearly half of its $135.1 billion global portfolio in equities by the end of last year. Fixed-income securities, such as government bonds, accounted for 27 percent of its overseas investments, alternative investments made up 21 percent while just four percent was held in cash, the annual report said. The investment return of 11.7 percent was the same as in 2009. \"CIC achieved greater geographical and sector balance during 2010,\" CIC chief executive Lou Jiwei said. \"An increasing percentage of investments has been made in emerging markets\" such as Asia, Africa and Latin America. CIC was set up in 2007 to invest some of China\'s massive foreign exchange reserves -- the world\'s largest at $3.1975 trillion at the end of June -- partly to gain better returns. The reserves are mainly parked in safe but low-yielding instruments such as US Treasury bonds, but since the global crisis CIC has tried to diversify its investments and be more aggressive to improve returns. CIC was \"cautiously positive\" about the outlook for this year and would \"pursue overseas investment with prudence\", Lou said. Lou was quoted saying in April that CIC was looking for investment opportunities in debt-hit Europe, where the company already has a big exposure, even though he was not very optimistic about the region\'s prospects.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china sovereign fund makes 117 return in 2010 Arab Today, arab today china sovereign fund makes 117 return in 2010

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china sovereign fund makes 117 return in 2010 Arab Today, arab today china sovereign fund makes 117 return in 2010

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday