Temasek Portfolio Value Rises as Unlisted Assets Outperform

Singapore investor’s net portfolio value rose to S$313 billion
Temasek continues to increase exposure to unlisted companies

Temasek International’s Pillay says we are now in an environment with lower inflation, lower return and lower growth.(Source: Bloomberg)

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By David Ramli

July 9, 2019 at 7:01 AM UTC

Updated on

July 9, 2019 at 10:08 AM UTC

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Temasek Holdings Pte held onto gains in its portfolio amid global trade uncertainties after selling S$28 billion ($20.6 billion) of holdings as U.S. equity markets hit record highs and its unlisted assets outperformed.

The Singapore state investor’s net portfolio value rose 1.6% to S$313 billion in the 12 months ended March 31. In U.S. dollar terms, the portfolio value fell by 1.7%. One-year total shareholder return for the period was 1.49%, while three-year TSR came in at 8.88% in Singapore dollar terms.