China`s Sovereign Wealth Fund Is The 4th Largest Holder Of U.S. Oil Fund (USO)
China Investment Corp., the nation’s sovereign wealth fund, invested for the first time in the United States Oil Fund LP (ETF) (USO), an exchange-traded crude-futures fund, joining Morgan Stanley (MS) and Goldman Sachs Group (GS) among the top holders.
CIC became the 4th largest holder in the United States Oil Fund LP (ETF) (USO) by buying 2 million shares with a value of 78.6 million dollars, according to a SEC 13-F filing posted on February 5. It also took a 1.45 million share stake, or 0.4 percent of the total, in the SPDR Gold Trust (ETF) (GLD) worth 155.6 million million dollars.
