China sovereign fund makes 11.7% return on 2010 overseas investment

( – China’s US$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 US$409.58 billion by the end of 2010 — more than doubling from 2007, when CIC was set up, and higher than the US$332.39 billion held at the end of 2009.

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