Asset Owners

China’s sovereign funds to outsource $320 billion by 2010

By Liz Mak | 15 April 2008
Keywords: cic | zben

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The next three years will serve as a seeding stage for Chinese sovereign wealth funds to outsource their foreign investments. By the end of 2010, the speed of outsourcing is likely to hasten.

China’s three sovereign wealth funds – China Investment Corporation (CIC), National Social Security Fund (NSSF) and China-Africa Development Fund (CAD) – are likely to outsource a combined $320 billion to foreign asset managers over the course of the next three years, according to a report by Z-Ben Advisors.

By the end of 2010, the three funds will manage an asset pool of $729 billion, and over the next three years they will test the water with global asset managers. After that, the pace of outsourcing will pick up even further.

CIC will contribute the most to the growth ...

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