Singapore's state-owned investment company Temasek Holdings has announced a new investment strategy, prioritizing the US market over China. Temasek plans to invest up to $30 billion in the US over the next five years, with a focus on sectors such as financial services, technology, healthcare, life sciences, and agribusiness. This shift in investment focus reflects Temasek's cautious approach to investing in China and its desire to diversify its portfolio. Currently, Temasek's investments in the Americas account for 22% of its portfolio, totaling $63 billion, while its investments in China make up 19% of the portfolio. Investments in Singapore account for 27% of the portfolio. Temasek's head of North America, Jane Atherton, highlighted the company's interest in AI-related fields in the US, including data centers, semiconductors, and battery storage technologies. This move also aligns with Temasek's focus on long-term themes such as digitization and sustainability. The decision to invest heavily in the US market reflects Temasek's confidence in the country's economic prospects and its desire to capitalize on the robust economy and potential for growth. Temasek's recent financial performance has been boosted by profits from the US and Indian markets, offsetting weaker returns from China. The company remains cautious about its exposure to China due to ongoing trade tensions and recent underperformance relative to global markets. Temasek's investment strategy includes exploring opportunities in both public and private markets.
Singaporean state investor Temasek plans to allocate $30 billion over the next five years to industries such as technology, financial services, and healthcare in the United States. The move reflects the robust growth of the U.S. economy and its leadership in AI advancements. Temasek is interested in sectors connected to artificial intelligence in the United States, including semiconductors, battery storage, and data centers. The company is exercising caution concerning China in the context of trade tensions. Temasek oversees a $288 billion portfolio that emphasizes long-term investments, including themes such as sustainability and digitization. [75fa888f] [70865ff6] [225ece06]