The sovereign wealth fund last year slashed the proportion of stocks in its overseas portfolio, but also increased alternative investments, such hedge funds, real estate, commodities, infrastructures and direct investment. Photo: AP

China points finger at US trade war after US$940 billion sovereign wealth fund suffers negative growth in 2018

  • China Investment Corporation (CIC) saw a 2.35 per cent negative return on its overseas investment portfolio in 2018 in contrast to the gain of 17.6 per cent in 2017
  • Fund general manager Ju Weimin says trade tensions have led to a ‘more cautious view’ of the situation in the United States, which ‘we are watching closely’
Topic |   US-China trade war

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The sovereign wealth fund last year slashed the proportion of stocks in its overseas portfolio, but also increased alternative investments, such hedge funds, real estate, commodities, infrastructures and direct investment. Photo: AP
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Frank Tang

Frank Tang

Frank Tang joined the SCMP in 2016 after a decade of China economy coverage and government policy analysis.