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Singapore's GIC and Temasek fear prolonged COVID impact

Sovereign funds counter worst perfomance in a decade with risk-resilient portfolios

GIC and Temasek reported the lowest performance in years in their latest update. (Source photos by Reuters) 

SINGAPORE -- Singapore government funds GIC and Temasek Holdings, both among the world's biggest institutional investors, have become more cautious about the prolonged impact of the COVID-19 pandemic and its effect on the investment landscape.

Both funds have reported their lowest performance in years, and say they will build more risk-resilient portfolios while seeking new opportunities.

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