Singapore’s GIC eyes new opportunities amid inflation, climate transition

Singapore’s GIC said defensive positioning helped it avoid the worst of the COVID-19 sell-off. Investors need to expand their expertise and knowledge beyond mainstream asset classes amid a disinflationary trend and become well-versed in ESG, according to GIC’s fixed-income CIO. Speaking at the IMAS-Bloomberg Investment Conference and Masterclass 2023, held in Singapore on Thursday, Liew Tzu Mi said the days of low interest rates and low inflation are behind investors, so they must now consider assets previously not needed in a traditional 60-40 portfolio. The conference was organized by the Investment Management Association of Singapore and Bloomberg. Ms. Liew, who is also chair of the sustainability committee at the Singapore-based sovereign wealth fund, added: "Every investor must eventually become an ESG expert. I just feel that you cannot externalize this to your ESG team or your dedicated team." "The reality is that sustainability is going to drive and affect every sector in the economy, every country in the world. And this is going to be the theme for, frankly, the rest of our lifetimes," she said during a panel discussion at the event. The green transition opens up a "huge opportunity" for investments in emerging markets, she added, citing […]

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