GIC Sees Brighter Emerging-Market Outlook in Uncertain WorldBy and
India is in more positive position than many countries: CIO
China needs to implement more reforms, Group CIO Lim says
In an environment of diminishing returns, emerging economies are offering better opportunities for investors compared with last year, Singapore’s sovereign wealth fund GIC Pte said.
Several emerging nations have reigned in excessive credit growth, Lim Chow Kiat, GIC’s group chief investment officer and deputy group president, said in an interview. They are also seeing adjustments to their exchange rates and lower asset prices as foreign investors have withdrawn capital, he said, adding that he’s positive on India while more reforms are needed in China.