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Singapore's GIC Says Investment Environment Will Be More Challenging

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Lim Chow Kiat, chief investment officer of GIC Pte. Ltd, Singapore's sovereign wealth fund, says he sees returns on financial assets in developed markets being much lower in future years, including possible negative returns, because of a sharp runup in recent years and changing monetary policy. He sees more opportunities in emerging markets because of younger populations and opportunities from overhauls to economic structures and behaviour. He says he will still look for opportunties in developed country companies that have significant international expansion. GIC invested $1 billion in Indian online retailer Flipkart recently, $680 million in Bank of the Philippine Island, and $1.3 billion in the Time Warner Center building in New York along with Abu Dhabi Investment Authority.

Singapore's sovereign wealth fund GIC Pte Ltd. and its view of stock markets in the U.S., Europe and emerging markets in 2014

08/02/2014

GIC it reducing its investment in developed country markets as it expects reduced returns there as monetary policies change, and is increasing investment in China and other emerging markets.

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Singapore's GIC Says Investment Environment Will Be More Challenging

Wall Street Journal 08/02/2014

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Singapore's GIC Says Investment Environment Will Be More Challenging

Wall Street Journal 08/02/2014


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