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Temasek posts “record portfolio of S$308 billion” but doesn’t disclose its management costs

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It was reported in the Straits Times yesterday (10 Jul) that Temasek Holdings' has posted "record portfolio of S$308 billion".

"The Singapore Government-owned investment firm's net portfolio value grew to a record $308 billion, up from $275 billion a year ago," ST reported. It said that Temasek's portfolio hit a 12.19 per cent one-year return for the financial year ended March 31, 2018.

"The latest results came as key listed holdings posted strong gains over the year; market capitalisation grew 44 per cent for DBS Group Holdings, 91 per cent for Ping An Insurance and 73 per cent for Alibaba Group Holding," it added.

"Annualised returns over 20 years was 7 per cent, up from 6 per cent a year ago. Dividend income was $9 billion for the year. Net profit improved to $21 billion from $14 billion a year earlier."

But it also said that for the last FY, Temasek invested S$29 billion and divested S$16 billion.

Temasek did not disclose its actual management costs

Meanwhile, popular financial blogger Leong Sze Hian........

© The Online Citizen