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Sovereign Wealth Funds Briefing - Categorized | Investment, Trends

Singapore fund cuts exposure to West

Posted on 27 July 2011

Long-term concerns about the US and European fiscal deficits prompted Government of Singapore Investment Corp (GIC) to shift funds out of developed share markets but it still sees US Treasuries as a relatively safe investment.
The sovereign wealth fund, the world’s eighth-largest with an estimated US$300bil in assets, cut its holdings of shares in developed markets to 34% of its portfolio from 41% in the fiscal year to the end of March, its annual report shows……………………………………….Full Article: Source

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