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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Trends

Singapore’s GIC alters asset mix on global turmoil

Posted on 01 August 2012

Singapore sovereign wealth fund GIC on Tuesday said its long-term returns held steady in the year to March but it had changed its investment mix amid fears of greater volatility ahead.
In an annual report, the Government of Singapore Investment Corporation said it reduced its exposure in developed markets, cut its holdings in equities and bonds, and started building up cash holdings for future opportunities………………………………………..Full Article: Source


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