Sovereign fund sees 10.6% return

Better performance spurred by higher equity prices around world

China Investment Corp, the country's sovereign wealth fund, achieved a 10.6 percent gain from its global investments in 2012, compared with a 4.3 percent loss in 2011, according to the company's annual report on Friday.

The cumulative annualized return of CIC's overseas investments rose to 5.02 percent by the end of last year, from 3.8 percent up to 2011. Net income increased to $77.4 billion, up from $48.4 billion in 2011, the report said.