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Temasek Prioritizes US Over China in $30 Billion Investment Strategy
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Singapore State Investment Corporation Themesek is set to invest up to $30 billion in the U.S. economy over the next five years, according to News.
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According to Jane Atherton, head of North America at Temasek, the investment will focus on sectors such as financial services, technology and healthcare.
In contrast, China has recently reported weaker economic growth and has taken steps to stimulate its economy by cutting key interest rates.
Temasek’s investment portfolio has seen a shift: 22% is now allocated to the Americas, for a total of $63 billion, compared to 19% in China.
This is the first time in a decade that Temasek’s investments in the United States have exceeded those in China.
Atherton highlighted Temasek’s keen interest in AI-related sectors in the U.S., including data centers, semiconductors and battery storage technologies.
The investment strategy is part of Temasek’s broader focus on long-term themes such as digitalisation and sustainability, as the company manages a portfolio of $288 billion.
Temasek’s recent financial performance has been supported by gains in the US and Indian markets, which helped offset weaker returns in China.
The company remains cautious about its exposure to China, given ongoing trade tensions and recent underperformance versus global markets.
Temasek’s investment strategy involves exploring opportunities in both public and private markets, particularly as private equity firms seek to divest their holdings.