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CIC eyes direct investments in the US and Europe

Toby Yiu
China Investment Corporation is increasing its allocation to US equities while cutting back further on developed and emerging sovereign bonds. It plans to raise exposure to direct investments through a newly established unit.
CIC eyes direct investments in the US and Europe

China’s sovereign wealth fund is targeting infrastructure and real estate investments in the US and Europe as part of a long-term strategy being developed for its newly established subsidiary, says the fund’s chief executive.

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