Temasek sees growth in portfolio driven by Singapore investments, but expects market decline

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

Singapore has replaced China as the top investment destination for Temasek Holdings in the financial year ended March 31, 2022, according to the state investor’s latest performance review.

At present, Singapore assets make up 27% of Temasek’s portfolio, up from 24% a year earlier. Meanwhile, its exposure to China dropped to 22% from 27% in the same period.

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