“Geopolitics and the impact of that,” said Sipahimalani, who is in the Gulf nation to attend the Qatar Economic Forum. “We are addressing that by looking really at large domestic markets or things that are self-contained within an economic ecosystem so we’re less impacted by that. So I think that should be okay.”
Temasek’s investment portfolio totalled $382 billion as of March 31, 2023. The company is an investor in some of the world’s most global firms, including Standard Chartered Plc, a London-based lender that is one of the largest European banks operating in emerging markets and makes almost all of its money in Asia, the Middle East and Africa.
It remains heavily invested in Chinese companies even as Asia’s biggest economy comes under pressure from a housing slump and mounting geopolitical tensions with the US. The firm led by Chief Executive Officer Dilhan Pillay had 22% of its portfolio invested in the nation as of March last year.
Sipahimalani, who became CIO in January 2020 said the company believes in consumer-focused companies in China, like beverage makers or providers of durable goods.
