China Investment Corporation, the Chinese sovereign wealth fund, is using ETFs to gain exposure to a diverse range of asset classes, according to a filing with the US Securities and Exchange Commission.
The filing, which details the fund's $9.6bn in US-listed assets, shows CIC has around 25% of this money in ETFs. These funds provide exposure to a range of asset classes, including investment in individual countries, emerging markets, and commodity sectors. CIC has positions in a list of iShares ETFs, comprising the iShares MSCI Japan Index fund, FTSE/Xinhua China 25, MSCI Emerging Markets, MSCI EAFE, Russell 2000, S&P Global Energy Sector and the Global Materials Sector funds. China's sovereign wealth fund also has positions in gold ETFs through the Market Vectors Gold Miners fund an...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes