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GIC sees opportunities in developing markets

It likes investments in alternative assets; expects short-term volatility

Published Wed, Mar 12, 2014 · 10:00 PM
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THERE are investing opportunities in the developing markets, even amid the wave of political uncertainties, said Lim Chow Kiat, group chief investment officer at the Government of Singapore Investment Corporation (GIC).

"We are able to find, on a bottom-up basis, significant opportunities," said Mr Lim during a panel discussion at a conference, noting the "significant price discounts" in many pockets of the developing world.

"In the developing countries, especially the bigger ones, there are still many of these supply-side trends going on. You see industry consolidation, you see the penetration rate for certain products continue to increase. Many companies in these developing countries continue to benefit from these trends, despite political uncertainties."

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