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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Flush with cash, Temasek turns ‘bullish on tech’

Posted on 18 March 2010

From Thejakartaglobe.com: Temasek, Singapore’s $1.2 trillion sovereign wealth fund, may be looking to snap up stakes in technology companies, joining other big institutional investors in turning bullish on the sector’s improving outlook.

The possible shift comes as expectations of strong Asian demand and a rebound in corporate spending have boosted shares in global tech companies, driving up Intel stock by 4 percent to its highest in more than a year………………………………..Full Article: Source

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