Home / market news / Why one of the world’s top investors says now may be the time to raise cash
nc efi placeholder 660x330 - Why one of the world’s top investors says now may be the time to raise cash

Why one of the world’s top investors says now may be the time to raise cash

[ad_1]


‘In these factious times, investors are hard put to find their footing. They face rising uncertainty but falling returns. By some measures, uncertainty about economic prospects is currently highest on record. Further, policy makers seem to have limited ammunition to reflate economies.’


That’s the bleak assessment of the global landscape offered up by Lim Chow Kiat, who oversees the sixth-biggest sovereign wealth fund in the world.

“When faced with uncertainties, it is advisable to have optionality,” the CEO of Singapore’s GIC Pte was quoted as saying by Bloomberg on Thursday. “Tactically, that may be raising some cash as dry powder.”

Lim, charged with calling the shots for about $440 billion in assets at the fund, was speaking at GIC Insights, the group’s annual thought leadership event.

This isn’t the first time he’s raised a yellow flag on the global economy. According to Bloomberg, he raised similar concerns back in March and before that warned returns would be lower in coming years amid escalating trade tensions.

Meanwhile, U.S. stocks were heading toward a quiet close on Thursday, with the Dow Jones Industrial Average












DJIA, -0.19%,










Nasdaq Composite












COMP, +0.07%










and S&P 500












SPX, -0.01%










all hovering near breakeven.

[ad_2]
Source link

About Shawn Langlois

Leave a Reply

Your email address will not be published. Required fields are marked *