Posted 12/7/2023, 11:30:17 PM
China Investment Corp Assets and Returns Fall in 2022 on Global Market Volatility
- China Investment Corp (CIC)'s total assets fell to $1.24 trillion in 2022 from $1.35 trillion in 2021 due to $51.4 billion in investment losses
- CIC's 10-year annualized returns dropped to 6.43% from 8.73% and overall returns since 2007 fell to 5.94% from 7.22%
- Global financial market volatility in 2022 amid pandemics and geopolitical tensions caused widespread losses
- CIC rebalanced its portfolio and adjusted investment strategies to manage risk
- The fund's stock investments shrank to 28.6% from 35.4% while alternative assets rose to 53.2% from 47%