Temasek Holdings, an investment fund wholly-owned by the government of Singapore, released its financial results for the year ended 31 March 2019 during Temasek Review 2019. Temasek Review is an annual event in which Temasek executives examine the fund’s performance over the past year and share their thoughts on a host of topics from portfolio allocation to market outlook.

After attending the Temasek Review 2019 media conference, I came away with a much better understanding of Temasek’s portfolio, its investment principles and its outlook for global markets going forward. While Temasek is not a listed company that investors like us can buy into, the company’s future developments are definitely worth following. After all, it manages a significant amount of the Singapore government’s investments, and its success is intertwined closely with that of Singapore’s.

In light of that, here are eight things I learned from Temasek Review 2019:

1. Temasek’s