The Jakarta Globe, 29 Sep 2009
Singapore. Singapore’s GIC, the world’s fourth-biggest sovereign wealth fund, is ready to use its bigger cash pile to buy into emerging markets and alternative investments such as real estate and natural resources, but warned that bonds may not be safe due to inflation risks.
The strategy of the Government of Singapore Investment Corporation, the larger of the city-state’s two wealth funds with an estimated $200 billion or more, appears to be evolving as it cut its equity and bond holdings to increase its exposure to alternatives like property and resources.
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Related:
Wealth fund GIC's assets recover, eyes emerging mkts - Reuters
GIC signals shift to emerging markets - Financial Times
