Cover Photo: Unsplash
Photo: Unsplash
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Temasek Holdings invested SG$61 billion and divested SG$37 billion in the year ended March 31, 2022
On July 12, Temasek Holdings reported a record net portfolio value that crossed SG$400 billion for the first time. This means that Singapore has now replaced China as the top investment destination for Temasek in its last financial year despite the volatile market conditions.
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So how did they achieve this feat?
Temasek is counted as one of the world’s top investors and in its annual review this week, it said that it invested SG$61 billion and divested SG$37 billion in the year ended March 31, 2022. This pushed its net portfolio to a record SG$403 billion for the period. By the end of March last year, the portfolio was valued at SG$381 billion.
“Despite slowing growth prospects and the uncertain outlook, we remain guided by our investment philosophy to generate risk-adjusted returns over the long term,” said Mr Rohit Sipahimalani, Temasek’s chief investment officer.
Now, Singapore assets comprise 27 per cent of Temasek’s portfolio, up from 24 per cent a year earlier. Exposure to China dropped to 22 per cent from 27 per cent in the same period.
The portfolio also remains anchored in Asia and there is a 63 per cent exposure to the region, according to the underlying assets of its portfolio companies. The exposure stood at 64 per cent in the previous financial year.
That said, the one-year return for shareholders fell to 5.81 per cent due to the global market’s instability.
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Camillia Dass is the digital writer for Tatler Singapore.
