SINGAPORE -- Singapore state investor Temasek's portfolio reversed a decline in returns for the year ended March 31 as rebounding markets lifted it from a COVID-19-induced slump.The company, which is among the world's most prolific institutional investors, on Tuesday reported an annual return of 24.5% for the period, a significant recovery from the minus 2.28% seen in the preceding year and its best performance in a decade.
Net portfolio value rose almost 25% to a record 381 billion Singapore dollars ($283 billion), up from SG$306 billion ($214 billion) in its previous report.
