The Government Investment Corporation (GIC), one of the two sovereign wealth funds of Singapore, said it was following the latest developments related to the U.S. credit rating.
A spokesperson for the company said that it takes a long-term perspective for its investments and that it is closely following any developments that could affect the investment outlook, including the U.S. credit rating and similar developments in Europe, local daily Lianhe Zaobao said on Sunday.
About 33 percent of the investment portfolio of GIC was in United States as of March 31, down from 36 percent a year earlier. Full story
