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Singapore's Temasek to slow investment pace this year

In choppy market, state investor 'cautious' after annual return falls to 5.81%

Temasek says the world economy is in a "fragile state" due to Russia's war in Ukraine, monetary tightening the growing likelihood of a recession in developed markets.   © Reuters

SINGAPORE -- Singapore state-owned investor Temasek will take a 'more cautious' approach on investments and slow the pace of its bets this fiscal year amid global market volatility.

This careful approach comes after the state investor reported on Tuesday an annual return of 5.81% for the year ended March 31, down sharply from the 24.5% return seen in the preceding year, which was its best performance in a decade.

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