China Investment Corp, the sovereign wealth fund, said on Friday it had outperformed most of its peers in spite of a return on its global portfolio of minus 2.1 per cent in 2008.

The fund said its returns had been better than most other SWFs, pension funds or university endowments. And if its domestic port­folio of state-owned financial institutions were taken into consideration, the fund had made a return on registered capital of 6.8 per cent, it said.