Temasek Holdings is a sovereign wealth fund owned by the government of Singapore. Established in 1974, Temasek was created to manage the investments of the Singapore government in various industries and sectors, with a focus on promoting economic growth and development. Temasek operates independently from the government, and its primary objective is to deliver sustainable value over the long term for its shareholder, the Singapore government.
Temasek's investment strategy is diversified across various sectors, including financial services, telecommunications, media, technology, consumer goods, healthcare, life sciences, transportation, and industrials. Geographically, Temasek has a significant presence in Asia, particularly in Singapore and China, but it also invests in North America, Europe, and other emerging markets.
As of March 2021, Temasek's portfolio was valued at around SGD 381 billion (approximately USD 283 billion), making it one of the largest sovereign wealth funds globally. Unlike some other sovereign wealth funds, Temasek mainly invests in equities, with a focus on direct investments in private and public companies. The fund seeks to identify and invest in companies with strong growth potential and a competitive edge in their respective industries.
Temasek is governed by a board of directors, which includes members from the public and private sectors, as well as the government. The fund is known for its long-term investment horizon, disciplined approach to risk management, and strong corporate governance practices. Temasek is also committed to sustainability and responsible investing and has established an environmental, social, and governance (ESG) framework to guide its investment activities.
In summary, Temasek Holdings is a prominent global investor with a diversified investment strategy, focusing on long-term value creation, risk management, and sustainable development for the benefit of Singapore and its citizens.