| Singapore’s two state-backed investors, Temasek and GIC, together accounted for 60 per cent of the $23bn in cross-border deals by the world’s sovereign wealth funds in the first half of this year as they made bets in sectors ignored by their rivals.
The findings, in a quarterly survey by the Sovereign Wealth Centre, highlight how Singapore is emerging as one of the boldest investors with increased direct investments in key sectors, while Asian rivals have pulled back from doing big strategic equity deals...............................................Full Article: Source
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