30 Jul '12, 11pm

Singapore’s GIC Adds Cash, Cuts Stocks and Bonds Amid Crisis via @BloombergNews

Singapore’s GIC Adds Cash, Cuts Stocks and Bonds Amid Crisis via @BloombergNews

“Due to the heightened uncertainty in global markets, we allowed the cash inflow from investment income and fund injection to accumulate during the year in preparation for better investment opportunities,” Ng Kok Song, GIC’s chief investment officer, said in the report. “We reduced the allocation to bonds because bond yields in the developed markets had been pushed down to abnormally low levels by the flight to safe assets and central bank intervention.”

Full article: http://www.bloomberg.com/news/2012-07-30/singapore-s-gic-...

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