CIC Return Rate Exceeds Temasek’s
The return rate of China Investment Corporation is more than twice that of Temasek.
The return rate of China Investment Corporation (CIC) is more than twice that of Temasek, The Temasek Review reports. The annual return rate of the Chinese sovereign wealth fund global portfolio reached 11.7%, while the accumulated annual return rate since establishment was 6.4%.
The CIC posted a net profit of $51.5 billion in 2010, with a net asset value of $374 billion. CIC added $35.7 billion in new investment in 2010, which lowered the cash balance in the sovereign wealth fund’s overall portfolio from 32% to 4%. On the other hand, the value of Temasek’s portfolio asset base increased by only $7 billion to reach $193 billion.
Click here for the story from The Temasek Review.