“There is a major transfer of wealth from the developed countries to the developing countries in Asia,” Tan said today in an interview at the World Economic Forum meeting in Davos, Switzerland. “But it does not mean that for us in GIC, as an international investor, that we do not see opportunities, certainly in the U.S. but even in Europe, because prices have gone so low.” Full story
GIC Says U.S. to Remain Focus of Investments as Growth Slows
Bloomberg, 28 Jan 2011
The U.S. will remain the Government of Singapore Investment Corp.’s biggest area for investments for years, even as emerging markets grow faster, Deputy Chairman Tony Tan said.
“There is a major transfer of wealth from the developed countries to the developing countries in Asia,” Tan said today in an interview at the World Economic Forum meeting in Davos, Switzerland. “But it does not mean that for us in GIC, as an international investor, that we do not see opportunities, certainly in the U.S. but even in Europe, because prices have gone so low.” Full story
“There is a major transfer of wealth from the developed countries to the developing countries in Asia,” Tan said today in an interview at the World Economic Forum meeting in Davos, Switzerland. “But it does not mean that for us in GIC, as an international investor, that we do not see opportunities, certainly in the U.S. but even in Europe, because prices have gone so low.” Full story
