08.07.2016 - ‘Short-term’ brexit volatility had ‘fairly modest’ impact: Temasek
Temasek said on Thursday (July 7) that market volatility post-Brexit had only a “fairly modest” impact on its portfolio, and that it was not overly concerned about the short-term gyrations in the markets, given that its focus is on the long term. As of March 31 this year, Europe accounted for about 8 per cent of the firm’s S$242 billion portfolio. It did not reveal its direct exposure to the United Kingdom, but said that it was “even smaller” and predominantly through its holdings in Standard Chartered bank...............................................Full Article: Source
Print