SWFs surprise as they debut in ETFs
The institutional usage of exchange-traded funds is booming around the world, putting paid to any lingering doubt that the vehicles are meant for retail investors. Michael Bailey reports.
CIC lukewarm on Euro bail-out
The head of China’s $400 billion sovereign wealth fund has offered in principle support for injecting money into the struggling Eurozone but notes any commitment of funds must be an investment rather than a political decision.
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Chinese whisper over CIC turf wars
The $300 billion China Investment Corporation (CIC) aims to sidestep official barriers to investing in the US by offloading its stakes in home-country banks. The proposal would see the sovereign wealth fund (SWF) relinquish responsibility for the Chinese government’s majority stakes in the country’s largest banks, such as Bank of China, the Financial Times reported.
Sovereign Wealth Funds look to risk
The International Forum of Sovereign Wealth Funds held its second annual meeting in Sydney last week. conexust1f.flywheelstaging.com reports on the meeting’s outtakes – including asset allocation and risk management implications.
CIC wants capital with smarter, greener ideas
China will continue to encourage capital flows into the country that emphasise technology and environmental impact, according to Jin Liqun, chairman of the board of supervisors of the $200 billion China Investment Corporation (CIC).
China’s CIC goes public with investment strategy
China Investment Corporation has for the first time revealed its investment strategy. SONIA HAN reports that the Chinese sovereign wealth fund has accelerated its investment program in open-market products and industries such as mining, energy and real estate. The CIC is seeing value after the crisis but is also looking to limit portfolio risk.
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