{"id":118026,"date":"2021-07-12T07:09:25","date_gmt":"2021-07-12T07:09:25","guid":{"rendered":"https:\/\/fin2me.com\/?p=118026"},"modified":"2021-07-12T07:09:25","modified_gmt":"2021-07-12T07:09:25","slug":"singapores-temasek-set-to-post-record-portfolio-in-global-equities-rally","status":"publish","type":"post","link":"https:\/\/fin2me.com\/business\/singapores-temasek-set-to-post-record-portfolio-in-global-equities-rally\/","title":{"rendered":"Singapore's Temasek set to post record portfolio in global equities rally"},"content":{"rendered":"

SINGAPORE (Reuters) – Singapore state investor Temasek Holdings\u2019 portfolio value likely rebounded to scale a record in the year ending March, boosted by a rally in global markets and the public listing of some of its holdings.<\/p>

FILE PHOTO: A Temasek logo is seen at the annual Temasek Review in Singapore July 7, 2016. REUTERS\/Edgar Su<\/figcaption>

Analysts expect the value of Temasek\u2019s assets to have jumped over 20% in the year ending March, pushing up the portfolio value to roughly S$375 billion ($277.7 billion) – after dipping 2.2% to S$306 billion a year ago – which marked the first drop after three consecutive years of gains.<\/p>\n

The long-term outlook for Temasek, one of the world\u2019s biggest state investors, has been clouded by its support to pandemic-hit businesses. Temasek bulked up funding to Singapore Airlines and offshore marine services firm Sembcorp Marine, among others.<\/p>\n

\u201cWe have seen broad economic growth and a rebound in financial markets, but there are industries which are facing headwinds, so the challenge for big long-term investors like Temasek and GIC really is about managing portfolios in which occasionally, some sectors will take a hit,\u201d said Song Seng Wun, an economist at CIMB Private Banking.<\/p>\n

Temasek is anchored in Asia, with a 66% exposure to the region as measured by underlying assets, most of which are in China and Singapore. But the investor has been stepping up investments in the United States, especially in the tech sector.<\/p>\n

Temasek said it will give details of its annual performance this week, while larger investor GIC will publish its annual report later this month.<\/p>\n

Analysts expect no major change to Temasek\u2019s strategy, though senior executive Dilhan Pillay is set to take over as the CEO of the investment firm from Ho Ching, who is retiring after heading Temasek for 17 years.<\/p>\n

Unlike many state investors, the majority of Temasek\u2019s investments are in equities, with unlisted assets making up a record 48% of its portfolio in the year to March 2020.<\/p>\n

Global equities have surged over the past financial year, with MSCI\u2019s Asia shares ex-Japan index rallying 55% and Singapore\u2019s Straits Times index rising 28%.<\/p>\n

\u201cThere remains a flood of liquidity, so competition for funding is still fierce,\u201d said Song.<\/p>\n

Among the shares held by Temasek that posted strong gains over the past financial year, DBS Group surged 55%, Standard Chartered rose 12% and China Construction Bank gained 16%.<\/p>\n

Some other firms in Temasek\u2019s portfolio, notably Airbnb and food delivery firm Doordash, had public listings.<\/p>\n

\u201cI don\u2019t expect Temasek\u2019s medium to long term strategy to change due to any result this year – it is obviously ruled by a long term horizon and aims at anticipating the market by being one of the world\u2019s largest and most active investors in VC (venture capital) and technology,\u201d said Diego Lopez, managing director of sovereign wealth fund tracker Global SWF.<\/p>\n

($1 = 1.3505 Singapore dollars)<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

SINGAPORE (Reuters) – Singapore state investor Temasek Holdings\u2019 portfolio value likely rebounded to scale a record in the year ending March, boosted by a rally […]<\/p>\n","protected":false},"author":3,"featured_media":118025,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"yoast_head":"\nSingapore's Temasek set to post record portfolio in global equities rally - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/business\/singapores-temasek-set-to-post-record-portfolio-in-global-equities-rally\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Singapore's Temasek set to post record portfolio in global equities rally - Fin2me\" \/>\n<meta property=\"og:description\" content=\"SINGAPORE (Reuters) – Singapore state investor Temasek Holdings\u2019 portfolio value likely rebounded to scale a record in the year ending March, boosted by a rally [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fin2me.com\/business\/singapores-temasek-set-to-post-record-portfolio-in-global-equities-rally\/\" \/>\n<meta property=\"og:site_name\" content=\"Fin2me\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-12T07:09:25+00:00\" \/>\n<meta name=\"author\" content=\"Mark\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/fin2me.com\/wp-content\/uploads\/2021\/07\/Singapores-Temasek-set-to-post-record-portfolio-in-global-equities-rally.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fin2me.com\/business\/singapores-temasek-set-to-post-record-portfolio-in-global-equities-rally\/\",\"url\":\"https:\/\/fin2me.com\/business\/singapores-temasek-set-to-post-record-portfolio-in-global-equities-rally\/\",\"name\":\"Singapore's Temasek set to post record portfolio in global equities rally - 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