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Economy

Ho Ching upbeat as Temasek's portfolio expands offshore

SINGAPORE -- Despite recent economic turmoil, Temasek Holdings remains focused after 40 years on long-term returns from a major investment portfolio that has spread offshore.   

     Temasek opened offices in London and New York this year in its strategy to tap growth markets that also include Africa, Latin America and Asia. At the end of March, investments in Singapore accounted for 31% of the portfolio of 223 billion Singapore dollars ($178.4 billion), a significant change from 10 years ago when domestic investments represented 52%. North America and Europe now have 14% of the pie.

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