| The Government of Singapore Investment Corp. has reduced its exposure in developed markets and cut its holdings in equities and bonds, as global uncertainties continue to weigh on the sovereign-wealth fund's investment strategy.
GIC, which manages Singapore's foreign-exchange reserves, said Tuesday in its annual report for the fiscal year ended March 31 that it now has increased cash in its portfolio and that it expects investment returns to be low till the global economy returns to "balanced and sustainable growth."..............................................Full Article: Source
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