Published:
Temasek's assets to hit all-time high on back of global equity rally
Assets will reach $263b.
Temasek Holdings Pte rode a rally in global equities with a focus on developed markets that probably helped the Singapore state-owned investor’s assets reach a record.
A report by Bloomberg said that assets at the firm may have increased 16 percent to 18 percent to as much as $263 billion (US$195 billion) in the year to March 31, according to estimates by Institutional Investor’s Sovereign Wealth Center and CMC Markets.
That would be the biggest jump in assets in five years and surpass last year’s all-time high of S$223 billion.
Read the report in full here.
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