Just released documents filed with the SEC shows exactly how China is investing in the US.
China Investment Corp., the government’s $300 billion investment fund, now owns stock in some of the best-known American brands.
The detailed list, which contained holdings totaling $9.6 billion as of Dec. 31, was disclosed Friday in a filing with the Unites States Securities and Exchange Commission; it lists stakes only in companies traded in the United States.
In case you’re never heard of China Investment Corp, or C.I.C. as it’s called on the Street – it’s one of the world’s largest sovereign funds. It was formed in 2007 with about $200 billion. It now has assets of nearly $300 billion, writes the New York Times.
Following are their top holdings:
China's Sovereign Wealth Fund
iShares Global Materials ETF
Energy SPDR ETF
iShares MSCI EAFE Index Fund
iShares MSCI Emerging Mkt ETF
SPDR Gold ETF
What’s the take away here?
To me, this shows China continues to invest in banks and commodities, explains Tim Seymour. China has been going around the world trying to get commodities in any way they can.
I’m interested to see half of the top 10 holdings are ETFs, says Gary Kaminksy. That seems like a good way to put money to work, quickly and broadly.