S'pore GIC says about 25 pct of investments in Europe

London South East, 20 Sep 2010
SINGAPORE, Sept 20 (Reuters) - Government of Singapore Investment Corp (GIC), the world's fourth largest sovereign wealth fund, on Monday indicated it had further reduced its exposure to Europe to about a quarter of its portfolio. 'GIC has roughly a quarter of its investments in Europe, and a significant share of that is in UK-based entities,' GIC executive director Tony Tan said at a conference in London. Full story