Singapore's GIC Reduces Asian Investment to Lowest Level in Over a Decade

Sovereign wealth fund shifts focus to US and Europe, citing better returns and regional challenges.

• GIC's Asian portfolio dropped to 26%, while US assets rose to 39%.
• Japanese holdings now constitute just 4% of GIC's assets.
• GIC's 20-year inflation-adjusted return fell to a four-year low of 3.9%.
• Investments in private equity, green assets, and AI companies have increased.
• GIC remains optimistic about opportunities in China despite economic challenges.

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CNA Financial Post mint