SINGAPORE, July 26 (Reuters) - Long-term concerns about the U.S. and European fiscal deficits prompted Singapore wealth fund GIC to shift funds out of developed share markets but it still sees U.S. Treasuries as a relatively safe investment.
The sovereign wealth fund, the world's eighth-largest with an estimated $300 billion in assets, said it expected only a short-term impact on U.S. Treasuries if the political deadlock in Washington over the debt limit leads to a cut in the country's top-notch AAA credit rating. Full story
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