(Nov 20): Temasek Holdings will continue to increase its allocation of funds to the US despite escalating trade tensions, the Singapore state investor’s head of Americas John Vaske said.

Speaking ahead of the Asia-Pacific Agri-Food Innovation Week summit starting in Singapore Wednesday, Vaske said a substantial portion of Temasek’s available funds had been allocated to US deals. While the trade war with China was adding to uncertainties across the economy, he said the long-term thematics of Temasek’s investments remain sound.

“In the last three or four years, if we freed up a dollar for re-investment, 40 US cents of it, plus or minus, is going into the US,” Vaske, who is also head of agribusiness at the $313 billion firm, said in an interview.

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