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Singapore's Temasek Reports Strong AuM Growth
Tom Burroughes
10 July 2015
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.