Temasek counts on investments in unlisted assets to offset economic uncertainty

FILE PHOTO - A Temasek logo is seen at the annual Temasek Review in Singapore July 7, 2016. REUTERS/Edgar Su

Singapore’s state investment firm Temasek Holdings is counting on increased investments in unlisted businesses to counteract the ongoing US-China trade war and a global economic climate of uncertainty.

In its annual report released on Tuesday, Temasek said that unlisted assets, which include investments in third-party funds and privately held companies, accounted for 42 per cent of its portfolio as of March 31, up from 39 per cent a year ago.

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