China's sovereign wealth fund China Investment Corp (CIC) reported a dollar-denominated net return of negative 2.96% on its overseas investment last year, due to volatility in international financial markets and foreign exchange losses triggered by an appreciating U.S. dollar. The negative return drove its accumulated annualized investment return to 4.58% since inception in 2007 until […]
Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.
Visit the original source and full text: China Money Network
Any news and links syndicated from other sources are copyright those respective websites and/or publications. We post brief synopsis and links per what the respective websites' RSS feeds provide.