Temasek portfolio rises by $4 billion

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Old 06-Jul-2012
Temasek portfolio rises by $4 billion

Temasek’s portfolio grew by $4 billion to $157 billion ($153 billion in March 2011) as at the end of March.

Temasek is a Singapore-based investment company which invests mostly in Asia and Singapore.

In FY12, Temasek made new investments to the tune of $17 billion and divested $12 billion. Forty two per cent of its investments were in Asia excluding Singapore. It had a portfolio exposure of 30 per cent to Singapore. For a one-year period, the total shareholder return at the end of March 2011 was two per cent in dollar terms. For a three-year period, the return was 22 per cent.

The total shareholder return is a key performance measure for investment companies. It includes dividends to and excludes capital injections from Temasek’s shareholders.

In India, Temasek has invested in Godrej Consumer Products. Mr Rohit Sipahimalani, Co-Chief Investment Officer and Head of India, Temasek said “India’s prospects are underpinned by its strong savings and investment rates, and a middle income population that is fast growing and relatively young.

Sectors benefitting from this set of favourable demographics include financial services, consumer and healthcare. The increase in urbanisation will also drive investments in infrastructure. We remain optimistic on India’s long term potential and will continue to invest in sectors that are proxies for the country’s growth.”

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