China Investment Corporation, the Chinese sovereign wealth fund, is using exchange-traded funds to take positions on sectors ranging from healthcare to gold, according to a filing with the US SEC. The filing showed that CIC’s top US stock market investments were in miner Teck Resources, investment bank Morgan Stanley, asset manager BlackRock and credit card company Visa. About a quarter of its US portfolio was in ETFs,  many of them provided by BlackRock’s iShares division.

This entry was posted by Gwen Robinson on Tuesday, February 9th, 2010 at 5:13 and is featured in The 6am Cut London (9 Feb 2010) . Tagged with blackrock, CIC, morgan stanley, Teck Resources, visa. Edit this entry.