Singapore’s state investment company Temasek It plans to invest up to $30 billion in the U.S. economy over the next five years. Reuters.
Temasek’s head of North America, Jane Atherton, said the investments will focus on sectors such as financial services, technology and healthcare.
In contrast, China has recently reported slowing economic growth and has taken steps to stimulate its economy by cutting key interest rates.
Temasek’s investment portfolio has shown a shift, with 22% now allocated to the Americas, totalling $63 billion, compared with 19% in China.
This is the first time in a decade that Temasek’s U.S. investments have surpassed its Chinese investments.
Atherton highlighted Temasek’s strong interest in AI-related sectors in the US, including data centres, semiconductors and battery storage technology.
The investment strategy is part of Temasek’s broader focus on long-term themes such as digitalisation and sustainability as it manages its $288 billion portfolio.
Temasek’s recent performance has been buoyed by gains from the U.S. and Indian markets, helping to offset declining revenue from China.
The company remains cautious about its exposure to China given the ongoing trade tensions and recent poor performance compared to global markets.
Temasek’s investment strategy involves exploring opportunities in both public and private markets, especially as private equity firms look to sell their holdings.
