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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Singapore wealth fund GIC says US will remain prime destination

Posted on 25 February 2011

Tony TanFrom Reuters: The Singapore government’s $200 billion sovereign wealth fund said the United States, which accounts for more than a third of its investments, will continue to be a prime destination for years to come.
Tony Tan, the Government of Singapore Investment Corp’s (GIC) deputy chairman, said in New York on Wednesday that despite global economic rebalancing and rapid growth in China and other emerging economies, the United States would remain the “single most important source of global prosperity.”……………………………………….Full Article: Source


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