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SINGAPORE – Singapore’s state investment firm Temasek said Tuesday that the net of its portfolio fell for the first time since 2016 when the coronavirus pandemic hit global markets.
Temasek’s portfolio fell to S$306 billion ($223. 73 billion) for the year ended March 31, about 2. 2 percent less than last year’s S$313 billion, the company said in its annual report.
Its one-year setback to shareholders minus 2. 28%, the company said, but yields were 5% over a 10-year era and 6% for 20 years, he added. These setbacks take into account all dividends paid to Temasek’s shareholder. less capital injections.
Temasek, an active investor in the public and personal domain, belongs to the government of Singapore, a small but wealthy Southeast Asian nation.
Temasek attributed the functionality of his investments in the year following the spread of coronavirus disease, or Covid-19, that global markets will fall in March. The company noted that markets have recovered since then, but warned of uncertainties such as tensions between the United States and China.
Dilhan Pillay Sandrasegara, CEO and CEO of Temasek International, said the United States and China have been “important destinations” for the company’s investments for more than six years.
He explained that what happens with U. S. -China relations can affect other economies and corporations operating around the world, and Temasek is largely following similar advances to the two economic giants.
The company, a highly observed global investor, has basically invested in Singaporean companies in its early days, but has a major global investor in recent years. Approximately three-quarters of Temasek’s portfolio exhibition is outdoors in his home country and in countries such as China, North America and Europe. Two-thirds of its underlying exposure is in Asia, according to the report.
Assets in China accounted for 29% of Temasek’s investment portfolio in the last monetary year, the largest geographical stake, followed by Singapore with 24% and North America with 17%, according to the company’s annual report.
In terms of sectors, the investor is exposed to the maximum monetary services, which accounted for about 23% of the underlying assets in its portfolio.
Temasek said he continued to invest in the monetary services, generation and life sciences sectors. In total, the company invested $32 billion ($23. 42 billion) and invested $26 billion in the last fiscal year.
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