Aug 02, 2023 07:48 PM
WORLD
Singapore’s GIC Boosts Infrastructure Investment in India, Vietnam
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Singapore’s sovereign wealth fund GIC is estimated to have some $700 billion in assets. Photo: IC Photo
(Nikkei Asia) — Singaporean sovereign wealth fund GIC Pte. Ltd. is focusing on infrastructure investments and moving money from China to India and Southeast Asia, looking for more stable returns than those provided by stocks and bonds.
“Infrastructure is a large and growing opportunity for us,” Ang Eng Seng, GIC chief investment officer for infrastructure, told Nikkei Asia in a recent interview.
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