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Sovereign Wealth Funds Briefing - Categorized | Market

Singapore fund puts U.S. in focus

Posted on 05 August 2013

Singapore sovereign-wealth fund GIC Pvt. Ltd. said it is preparing for volatile markets in the coming year, in particular the risk of a slowdown in China, and that it will use the opportunity to boost its exposure to stocks.
The fund that manages Singapore’s foreign-exchange reserves said in its annual report for the fiscal year ended March 31 that while the global economy is faced with challenges, GIC is more bullish on the U.S. and sees it as a major destination for its investments………………………………………..Full Article: Source


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