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Temasek portfolio hits record, but slows investments on caution

Reuters  |  SINGAPORE 

By Anshuman Daga and Murali AnantharamanSINGAPORE (Reuters) - Temasek Holdings reported a record portfolio value for last year as rallying global stocks helped rake in positive returns, but the Singapore state investor also nearly halved its new investments reflecting a cautious approach to markets. Temasek joined bigger state fund GIC and Chinese sovereign wealth fund China Investment Corp in flagging intense competition from global funds for deals, which is pushing up valuations and threatening to drag down returns."Looking ahead, we remain cautiously positive on global growth. But we are ...

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First Published: Tue, July 11 2017. 19:47 IST
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