The sovereign wealth fund that holds stakes in a wide range of local and global banks remains in rude financial health.

Singapore-based investment company Temasek, which holds stakes in a raft of financial organisations, including those that provide wealth management such as DBS, Lloyds Banking Group, Standard Chartered and Bank of China, said its net portfolio value stood at S$266 billion ($196.5 billion) at 31 March, up by S$43 billion from a year ago.

The sovereign wealth fund said it chalked up a 19.20 per cent one-year total shareholder return for the year. 

Temasek ended the year in a net cash position, it said in a statement. 

Three-year TSR was 9.62 per cent.  Longer term 10-year and 20-year returns were 9 per cent and 7 per cent respectively. Total shareholder return since Temasek was founded in 1974 was 16 per cent. 

The organisation made S$30 billion of new investments, and a record S$19 billion of divestments, it said.