Temasek China Bets Trail Americas for First Time in a Decade
- Singapore investor posts 1.6% total shareholder return in FY24
- Net divestments hit a 15-year high; firm raises bets on India
Temasek branding during a news conference in Singapore on July 9.
Photographer: Nicky Loh/BloombergThis article is for subscribers only.
Temasek Holdings Pte’s investments in China are now smaller than those in the Americas for the first time in at least a decade, underscoring persistent caution among global money managers toward Asia’s largest economy.
The Singapore state-owned investor on Tuesday reported a modest total shareholder return of 1.6% for the year ended March 31. It said China’s capital markets slump caused valuations of its assets in the country to decline, which offset better returns from the US and India.