Singapore Temasek’s portfolio up 43 pct in 2009/10

SINGAPORE, July 8 (BestGrowthStock) – Singapore sovereign
investment company Temasek Holdings said on Thursday its
portfolio rose 43 percent year-on-year to S$186 billion ($134
billion) at the end of March, but has slipped since then in
line with soft global markets.

The eighth-largest sovereign wealth fund in the world said
78 percent of its portfolio was in Asia as of end-March, up
from 74 percent a year previously, and that it planned to
remain overweight on the region for the forseeable future.

“Notwithstanding global re-adjustments, the growing middle
income populations in Asia and other growth markets continue to
offer significant investment prospects in the longer term,”
Temasek [TEM.UL] said in its 2010 annual report.

The closely guarded state agency said it planned to allow
financial institutions to invest in wholly-owned investment
company SeaTown Holdings within three to five years, the first
step in allowing public participation in Temasek.
($1=S$1.39)
(Reporting by Raju Gopalakrishnan; Editing by Muralikumar
Anantharaman)

Singapore Temasek’s portfolio up 43 pct in 2009/10