The Government of Singapore Investment Corp (GIC), a $200 billion-plus
sovereign wealth fund, will likely reveal next week it is moving more money into property, resources and Asian assets after recently cutting its exposure to major Western banks.About 44 percent of GIC’s portfolio was in stocks and another 26 percent in fixed income at end-March 2008.
Analysts said GIC may park more money into physical property, which accounted for 10 percent of assets last year, and may have stepped up its investment in natural resources, which accounted for just 2 percent of assets.
Full Story
