Dear Client:China Investment Corp. (which is the country’s sovereign wealth fund) has acquired a 1.1% stake in Diageo worth $365 million, making it the ninth-largest investor in the firm, the Financial Times reported. After the news came out shares rose 2.1% in London today. CIC manages $200bn of the country's $2,132bn in foreign exchange reserves. … Continue reading "Diageo’s Latest Investor Signals Future Growth in China"