CIC Overseas Portfolio Battles Low-Yield Forces
The China Investment Corporation (CIC) suffered a negative return on its overseas portfolio. The portfolio returned -2.96% in 2015 compared to a 2014 return of 5.47%. However, CIC’s total assets rose past US$ 810 billion, beating out the Abu Dhabi Investment Authority (ADIA) in assets under management in terms of SWFI’s sovereign wealth fund rankings table. The annualized growth rate of CIC’s state-owned capital touched 15.3% over the eight years, according to the wealth fund’s 2015 annual report.
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