Temasek Review 2022
Investor

How We Grew

We grew with Singapore in our early years. In 2002, we stepped out to build a second wing of growth with a transforming Asia. We have since increased our exposure outside Asia to capture global opportunities for innovation.

Our developed markets exposure is now 65% of our portfolio and our growth markets exposure is 35% of our portfolio as compared to 55% and 45% respectively in 2011.

Our initial portfolio in 1974 reflected Singapore’s early stages of industrialisation. Some of these companies, and others added since, have grown into iconic Singapore brands, such as the Singapore Zoo. Others, like DBS and Singapore Airlines, have transformed into regional and global champions.

We focus on trends driven by technological advances that cater to demographic shifts and sustainability objectives, transforming business models, or shifting consumption patterns.

We continue to seek companies that create new opportunities through innovative and sometimes disruptive solutions.

As at 31 March 2022, our net portfolio value was S$403 billion.

Relation between Net Portfolio Value and Total Shareholder Return