Government of Singapore Investment (GIC) is planning to explore new ways of investing the country’s foreign reserves, AFP reports. GIC had invested 41% of its portfolio in public equities in developed markets as of March 2010.
The company had 36% of its assets were in the U.S., 30% in Europe and 24% in Asia. GIC, which had $243 billion in April 2011, periodically reviews the mix of its investments by assigning weights to different asset classes, such as stocks, bonds, private equity and prime real estate across the world.
Click here for the story from AFP.