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Singapore's sovereign wealth funds : the political risk of overseas investments

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Singapore's sovereign wealth funds : the political risk of overseas investments

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dc.contributor.author Wu, Friedrich
dc.date.accessioned 2009-03-12T01:01:19Z
dc.date.available 2009-03-12T01:01:19Z
dc.date.copyright 2008
dc.date.issued 2009-03-12T01:01:19Z
dc.identifier.citation Wu, F. (2008). Singapore's sovereign wealth funds : the political risk of overseas investments. (RSIS Working Paper, No. 166). Singapore: Nanyang Technological University.
dc.identifier.uri http://hdl.handle.net/10220/4542
dc.description.abstract This paper seeks to examine Singapore's two sovereign wealth funds (SWFs)-the Government Investment Corporation of Singapore (GIC) and Temasek Holdings (Temasek)-and the political risks which they are exposed to in their overseas investments. We argue that Temasek has hitherto exposed itself to a greater level of political risk than GIC, but is in turn rewarded with a higher rate of returns on its investments. At the same time, we find that political risk is an inevitable challenge for SWFs in general. In fact, as worldwide opinion has turned towards demanding for greater transparency and accountability from SWFs, the political risks faced by SWFs have correspondingly risen. This paper seeks to throw some light on this issue by undertaking a case study of Singapore's two SWFs, which are consistently ranked among the global top 10 SWFs by assets, and have attracted much worldwide attention in recent times as a result of their politically-controversial overseas investments.
dc.format.extent 39 p.
dc.language.iso en
dc.relation.ispartofseries RSIS Working Papers ; 166/08
dc.subject DRNTU::Social sciences::Economic development::Singapore
dc.title Singapore's sovereign wealth funds : the political risk of overseas investments
dc.type Working Paper
dc.contributor.school S. Rajaratnam School of International Studies
dc.ispartofseries.report 166
dc.description.version Accepted version

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