Friday, August 3, 2007

Temasek warns of rising protectionism

Temasek, the fifth-largest sovereign wealth fund, said the investment climate could become tougher in the next few years as a result of rising protectionism in the US and Europe against state-owned funds.

The Singapore state investment company warned that it was adopting a cautious investment outlook for the next few years because of “medium-term geo-economic risks and signs of bubbly market conditions”.

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