GIC:forced selling seen by investors in next 12-18 mths

Reuters, 10 Mar 2009, by Kevin Lim and Saeed Azhar
SINGAPORE, March 10 (Reuters) - A Government of Singapore Investment Corp (GIC) official said on Tuesday he expects more forced selling of assets by investors in the next 12-18 months as the "de-leveraging" in financial markets continues.
GIC also sees investment-grade corporate bonds as more attractive than equities currently, the fund's director of economics and strategy Yeoh Lam Keong, told the Investment Management Association of Singapore conference.
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