26.07.2011 - Singapore wealth fund GIC turns to China, Brazil, Korea |
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 |