Overview
- Temasek announced in its FY2026 review on Wednesday that it will raise AI-related exposure from about 6% to as much as 15% of the portfolio by March 31, 2031.
- The state investor reported a record net portfolio value of S$518 billion for the year to March 31 and said it has completed a mark‑to‑market valuation of unlisted assets.
- Temasek set parallel allocation targets to expand core‑plus infrastructure from roughly 1% to up to 5% and private credit from about 2% to 5% to balance growth and downside protection.
- The fund increased absolute exposure to China by roughly S$10 billion last year and is rotating Chinese bets toward hard tech such as AI hardware, data centres and energy transition.
- Temasek says it holds no direct crypto positions today and will press portfolio companies to adopt AI and reskill staff, while warning of short‑term market volatility and geopolitical headwinds that could affect returns.