GIC says downside protection key in infrastructure
11. Nov, 2009
According to Reuters, “Sovereign wealth fund the Government of Singapore Investment Corp [GIC.UL] regards downside protection as important when considering investments in infrastructure projects, a senior executive said on Wednesday.
Teh Kok Peng, president of GIC Special Investments, said infrastructure provides bond-like, rather than equity-like, returns so the protection offered to investors and the regulatory framework are things the Singapore fund looks at.
‘The returns are not that great because they are regulated,’ he said at a World Bank conference in Singapore.“
read more: Reuters
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