热门标签

五湖四海足球吧(www.hgbbs.vip):Singapore's GIC flags market risks; inflation here to stay

时间:2周前   阅读:2   评论:1

五湖四海足球吧www.hgbbs.vip)凝集民间高手免费提供各联赛足球资讯、足球推荐、足球贴士等,致力为广大波友提供更全面、更专业的赛前预测分析,让更多球迷随时随地找到自己想要的赛事资讯,以及在本站尽情发言自己的观点。

"Inflation itself is already a problem because we want to generate a return higher than inflation," Lim Chow Kiat, GIC's chief executive, told Reuters in an interview at the fund's 37th-floor office overlooking the financial district.(Singapore's iconic Merlion with the financial district in the background)

SINGAPORE: Singapore sovereign wealth fund GIC, one of the world's biggest investors, is bracing for muted investment returns and expects little respite from runaway inflation that has forced central banks around the world to tighten policy.

"Inflation itself is already a problem because we want to generate a return higher than inflation," Lim Chow Kiat, GIC's chief executive, told Reuters in an interview at the fund's 37th-floor office overlooking the financial district.

"Certainly we have to assume that the macro environment remains challenging for the foreseeable future," he said, highlighting rising interest rates and its impact on economies and financial assets, and the knock-on volatility in markets.

GIC is ranked as the world's sixth-biggest sovereign investor with $799 billion in assets, according to research firm Global SWF.

Bigger peers such as Norway's sovereign wealth fund and Japan's Government Pension Investment Fund have also flagged difficult market conditions, citing inflation and geopolitical events.

GIC said it reported an annualised 20-year real rate of return of 4.2% for the year to March versus 4.3% over the same period a year ago. The United States was its biggest market, making up 37% of its portfolio, up from 34% a year ago.

Lim said central banks are likely to further tighten policy, at least in the short term, to fight inflation.

,

环球ug代理www.ugbet.us)开放环球UG代理登录网址、会员登录网址、环球UG会员注册、环球UG代理开户申请、环球UG电脑客户端、环球UG手机版下载等业务。

,

Concerns about runaway inflation have trumped central banks' worries about growth. The U.S. Federal Reserve is likely to hit a key milestone on Wednesday with a rate hike that effectively ends pandemic-era support for the economy.

"The challenge is that we see inflation not just as a near term phenomenon but actually something that will likely be part of the investment environment for the medium term," said Prakash Kannan, GIC's chief economist.

CHINA TECH CRACKDOWN

GIC has been expanding its portfolio with real estate assets focused on office, retail and industrial, as well as other sectors such as data centres and infrastructure.

"Many of the real estate and infrastructure type investments actually have either automatic CPI (consumer price index) riders or an ability to raise rents once the lease ends," said Jeffrey Jaensubhakij, GIC's group chief investment officer.

The fund said it has raised its headcount in its real estate and infrastructure groups by about 35% over the past three years.

Last month, GIC agreed to buy a major stake in Europe-based The Student Hotel, with Dutch pension fund APG in a deal that valued the student accommodation and hotel group at $2.2 billion.

上一篇:皇冠博彩app(www.hg108.vip)

下一篇:Telegram中文群组:「一带一路」教材率先供50校使用

网友评论

  • 2022-09-16 01:05:55

    The shares gained as much as 4.2% to US$164.01 (RM729.60) in late trading after the results were released. Apple had fallen 11% this year through Thursday’s close, dragged down by a broader slide among tech stocks.这是我的菜