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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

Singapore wealth fund size soars to record high

Posted on 05 July 2013

Singapore’s Temasek Holdings, one of the world’s largest sovereign wealth funds, said the size of its portfolio soared to a record high in the financial year ending March 2013, even as profits showed a slight dip.
At its annual earnings review on Thursday, the AAA-rated wealth fund said the value of its investments rose to 215 billion Singapore dollars ($168 billion) in the year, an 8.6 percent increase from the year before. In the last financial year, Temasek made investments worth 20 billion Singapore dollars in several companies including Spanish oil company Repsol, Singapore-based agricultural commodities company Olam and German chemicals company Evonik………………………………………..Full Article: Source


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