While investment firm Temasek Holdings racked up a record portfolio value of $308 billion as at the end of March 31, it is taking a decidedly cautious approach now with plans to temper the pace of investments.
This will be a significant change of tack: It notched up a one-year return of 12.19 per cent on its portfolio in the 12 months to March 31, while investing a net $13 billion - $29 billion in investments versus $16 billion in divestments. The cautious tone comes as trade tensions between the world's two largest economies - the United States and China - ratchet up.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you