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Sovereign Wealth Funds Briefing - Categorized | Investment, Market, Trends

Singapore wealth fund GIC turns to China, Brazil, Korea

Posted on 26 July 2011

Singapore wealth fund GIC, one of the largest shareholders in UBS and Citigroup plans to invest more money in emerging markets and less in developed markets due to the long-term challenges facing the United States and Europe.
Over the 12 months to end-March 2011, GIC increased its exposure to emerging market equities to 15 percent of its portfolio from 10 percent, GIC said in a statement……………………………………….Full Article: Source

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