SINGAPORE: The head of one of the world’s largest sovereign wealth funds wants to get one thing straight – markets are becoming increasingly dire and investors face a very uncertain future.
“In these factious times, investors are hard put to find their footing,” he said Thursday at the start of GIC Insights, the group’s annual thought leadership event. “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.”
On Thursday, Lim said that despite fears, investors have been moving into riskier assets because, with about US$17 trillion of negative-yielding bonds, they’re in danger of missing out on gains otherwise. “It is a quandary,” he said.
The last time an event of this magnitude occurred, it ended in a World War. The question is whether the next world war will be called World War 3 or does it reset with the next century, thereby becoming World War 1 again. I thinker should start thinking of an appropriate name.
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