CIC's North American equities list revealed

0 CommentsPrint E-mail Chinadaily.com.cn, June 11, 2010
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China Investment Corp (CIC), the nation's sovereign wealth fund, revealed in a report filed to the US Securities and Exchange Commission (SEC) on June 1 that it held a total of 10.5 percent of shares in Canada's Penn West Energy, the 21st Century Business Herald reported Thursday.

According to another report filed on March 19, the $300 billion fund owned 15.8 percent of the US-based energy company AES's shares.

CIC's annual report showed that the fund had turned its investment from financial enterprises to more diversified sectors. It had invested in 84 US-listed companies, owning stocks valued at $9.63 billion as of Dec 31, the newspaper said.

An unidentified source close to CIC revealed that the Chinese fund would invest in US-based hedge fund York Capital in the near future, but the investment volume was not yet finalized.

CIC also invested in famous US brands such as Coca Cola, Apple, Johnson & Johnson and News Corp. China's Internet company Shanda Interactive Entertainment Limited is also on the list, according to the report.

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