Investors globally are facing a tough environment as the trade war between China and the US clouds the market outlook and other issues like Brexit dent returns. Singapore’s sovereign wealth fund GIC last week said overhyped valuations in developed markets were also a concern.
(July 9): Temasek Holdings may report its first decline in assets under management since 2016 as global trade uncertainties and volatile equity markets take their toll.
Singapore’s state investor, which had $308 billion in AUM as of March 2018, will release its 2019 annual report Tuesday. CIMB Private Banking economist Song Seng Wun, who has been covering Temasek for over a decade, predicts the figure may dip to $300 billion.
