Temasek is one of two sovereign wealth funds in Singapore. Since its inception in 1974, some 48 years ago, Temasek’s total shareholder return (TSR) stood at an annualized rate of 14%, which is commendable. In comparison, the MSCI World Index has posted a yearly return of around 8% since 1987. Even though the time frame is not the same, Temasek has managed to beat the average market returns over the long run.  Recently, the investment company announced its financial results for the year ended 31 March 2022. On a 1-year basis, its TSR was positive at 5.8%, amid a volatile market in general. And its net portfolio value hit a record S$403 billion as of end-March 2022, showing steady growth since its heyday where its initial portfolio stood at a mere S$354 million.   Source: Temasek Even though Temasek is a Singapore-based investment entity, its ambitions are global. 73%...