China Buys Stakes in Coke, Apple But avoids major US holdings in hunt for healthy returns By Rob Quinn, Newser Staff Posted Feb 9, 2010 4:10 AM CST 6 comments Comments CIC said in August it lost 2.1% on its global portfolio in 2008, which compares favorably to the huge losses suffered by similar investment funds. (Getty Images) (Newser) – China's colossal sovereign wealth fund has steered clear of buying large chunks of US firms as it seeks better returns on its portion of the country's $2.4 trillion in foreign reserves. An SEC filing released yesterday shows that the $300 billion fund holds a relatively low $9.63 billion in equity US-listed companies, AP reports. The incomplete filing reveals small, previously unknown China Investment Corp. stakes in American firms, including Coca-Cola, Apple and Goodyear. The fund also has a $1.7 billion stake in Morgan Stanley, but it usually shuns large, high-profile investments in the US, preferring to invest in commodity stocks that will benefit from Chinese demand for raw materials. The largest investment listed was $3.5 billion in Teck Resouces, a Canadian mining firm with operations in South America.