SINGAPORE -- Singapore state investor Temasek said on Tuesday that it will be "selective" when looking for pandemic-resilient investment opportunities in the COVID-19 era, as it reported its lowest annual return since 2016.
Temasek's annual return for the year ended March 31 was minus 2.28%, down from the previous year's 1.49%. Net portfolio value declined about 2% to 306 billion Singapore dollars ($220 billion) -- unchanged from the preliminary figures it shared in July.
