March 13, 2015

WSJ: China’s CIC Wealth Fund Shifts Focus to Emerging Markets — Optimistic About Africa

CIC Wealth Fund to Invest More in Emerging Markets
China Investment Corp., a $653 billion sovereign-wealth fund, plans to invest more in emerging markets where there is less competition and a greater need for capital. PHOTO: EUROPEAN PRESSPHOTO AGENCY

The Wall Street Journal BERLIN — China’s $653 billion sovereign-wealth fund is looking to invest more in emerging markets, according to an infrastructure investing official at China Investment Corp.

CIC, which has made several high profile investments in the U.S. and Europe in recent years, is targeting emerging countries where there is less competition, more opportunity to tap growth and a greater need for capital, the executive said. Click through the following link to read the full article: China’s CIC Shifts Wealth Fund Focus to Emerging Markets

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