A Temasek Holdings signage at their office in Singapore.
Munshi Ahmed | Bloomberg | Getty Images
SINGAPORE — Singapore’s state investment company Temasek said Tuesday the net value of its portfolio fell for the first time since 2016 as the coronavirus pandemic hit global markets.
The size of Temasek’s portfolio fell to 306 billion Singapore dollars ($223.73 billion) for the financial year that ended March 31, around 2.2% lower than the previous year’s 313 billion Singapore dollars, the company said in its annual report.
Its one-year shareholder return was minus 2.28%, said the company. But returns were 5% over a 10-year period and 6% over 20 years, it added. Those returns take into…