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...
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