GIC to further boost emerging-market exposure
The move is in line with the Singapore sovereign wealth fund's bullish forecasts for developing economies, says chief investment officer Ng Kok-Song.
The larger of Singapore's two sovereign wealth funds (SWFs) will continue the trend among state investment arms of building exposure to emerging markets, especially in Asia, its chief investment officer confirmed in a speech yesterday.
However, the Government of Singapore Investment Corporation's (GIC's) annual report, published this week, maintained another trend among SWFs – giving little away about its allocations and investment plans.
Still, such scraps of information are to be we…
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