China wealth fund details $9.3 billion U.S. portfolio |
| MarketWatch - Feb 8, 2010 |
China Investment Corp. offered a rare glimpse into its U.S. equity holdings over the weekend, revealing an affection for resources companies as well as household consumer names such as Apple Computer and Coca Cola, which make up part of its $9.63 billion portfolio of U.S.-listed assets, the sovereign wealth fund said in a regulatory filing.
The fund, capitalized with $200 billion from China's foreign exchange reserves in 2007, said it had a $3.54 billion stake in the U.S.-listed shares of Canada's Teck Resources Ltd., its largest single holding. Trailing that was its Morgan Stanley stake valued at $1.77 billion and a stake Brazilian iron ore miner Vales SA's U.S.-depositary receipts, valued at $498 million.
The disclosure released Friday, was part of quarterly filing submitted to the Securities and Exchange Commission, representing the fund's equity holdings as of Dec. 31. Institutional investment managers with at least $100 million under management are required to file quarterly reports of equity holdings.
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- Posted: 2010-02-08 11:10:26
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