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Singapore’s sovereign fund GIC posts weakest investment gains in four years, cites China woes and geopolitical tensions as challenges

Malay Mail LogoMalay Mail6h ago

Singapore’s sovereign fund GIC posts weakest investment gains in four years, cites China woes and geopolitical tensions as challenges - Malay Mail

Quick Summary:

SINGAPORE, July 24 — Singapore sovereign wealth fund GIC’s main gauge of investment return posted its weakest growth in...

The fund manages $770 billion assets according to estimates from the Sovereign Wealth Fund Institute, and is one of the three entities that manage Singapore’s reserves.

K and Eurozone rose to 5 per cent and 10 per cent from 4 per cent and 9 per cent respectively, while exposure to Japan alone and to Asia, excluding Japan, dropped to 4 per cent and 22 per cent from 6 per cent and 23 per cent respectively, its report showed.


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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-24 @ 10:57:10 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 586 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Malay Mail

News ID: 21758266

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About Malay Mail

Malay Mail Logo

Main Topics: EconomyBusiness

Official Website: malaymail.com

Update Frequency: 8 posts per day

Year Established: 1896

Headquarters: Malaysia

News Last Updated: 58 minutes ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #106

Publisher Details

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The story "Singapore’s sovereign fund GIC posts weakest investment gains in four years, cites China woes and geopolitical tensions as challenges" was covered 6 hours ago by Malay Mail, a news publisher based in Malaysia.

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Malay Mail is a fully independent (privately-owned) news outlet established in 1896 that covers mostly economy and business news.

The outlet is headquartered in Malaysia and publishes an average of 8 news stories per day.

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  • News ID: #21758266
  • URL: https://beamstart.com/news/singapores-sovereign-fund-gic-posts-17217904241087

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