SINGAPORE (July 9): Temasek Holdings held onto gains in its portfolio amid global trade uncertainties after selling $28 billion of holdings as US equity markets hit record highs and its unlisted assets outperformed.

The Singapore state investor’s net portfolio value rose 1.6% to $313 billion in the 12 months ended March 31. In US dollar terms, the portfolio value fell by 1.7%. One-year total shareholder return for the period was 1.49%, while three-year TSR came in at 8.88% in Singapore dollar terms.

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