02.08.2012 - GIC braces for 'greater uncertainties' ahead
The Government of Singapore Investment Corp has quadrupled its cash allocation, cut its holdings in Europe and increased its investments in North Asia as it braces for “greater uncertainties” ahead. The cash allocation rose to 11% from 3% for the financial year ended March 2012, the Singapore sovereign wealth fund said in its annual report. With the heightened uncertainty in global markets, GIC had allowed the cash inflow from investment income and fund injection to accumulate during the year to prepare for better investment opportunities...............................................Full Article: Source
Print