Temasek Drops OECD, Likes LatAm

Temasek Drops OECD, Likes LatAm

People Corporate & Sovereign Strategy

News that Temasek sold its stake in Bank of America is being taken as confirmation that the Singapore wealth fund is repatriating its money. However, according to a recent speech by Temasek Holdings CEO Ho Ching, the $134bn portfolio is rotating out of developed world assets and into developing, with potentially positive implications for LatAm. The fund is looking to maintain exposure to rest of Asia at 40%, keep Singapore at about 30%, cut OECD to 20% and add exposure to other geographies such

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