About 25 pct of GIC investments in Europe

September 21, 2010
Singapore Democrats

This post is at least a year old. Some of the links in this post may no longer work correctly.

Kevin Lim
Reuters

Government of Singapore Investment Corp (GIC), the world’s fourth largest sovereign wealth fund, on Monday indicated it had further reduced its exposure to Europe to about a quarter of its portfolio.

‘GIC has roughly a quarter of its investments in Europe, and a significant share of that is in UK-based entities,’ GIC executive director Tony Tan said at a conference in London.

The Singapore fund, which is believed to have more than $200 billion in assets, held 29 percent of its portfolio in Europe as at end-March 2009, down from 35 percent a year earlier.

http://www.lse.co.uk/FinanceNews.asp?ArticleCode=98h7ziwj3a8tfsx&ArticleHeadline=Spore_GIC_says_about_25_pct_of_investments_in_Europe