Prakash Kannan, GIC’s Chief Economist and Head of Total Portfolio Management, joins Kopi Time to talk about the sovereign wealth fund’s long-term investment outlook. We discuss pockets of sovereign risk, headwinds to globalisation, implication of rapid debt buildup, paradigm shifts in central banking, unintended consequence of massive liquidity injection and exceptionally low interest rates, froth in the global equity markets (especially big tech), China’s crisis response, both with respect to the pandemic and economic lockdown, and outlook for USD and EUR. Prakash also touches on GIC’s three pillars of ESG investment approach—offence (seizing opportunities in clean energy and technology), defence (screening its portfolio and engaging comapnies that form large holdings), and excellence (internal commitment to sustainability). GIC believes that companies with stronger sustainability credentials will deliver superior long-term risk adjusted returns. We share their belief whole-heartedly.

<p>Prakash Kannan, GIC&rsquo;s Chief Economist&nbsp;and Head of Total Portfolio Management, joins Kopi&nbsp;Time to talk about the&nbsp;sovereign wealth fund&rsquo;s long-term investment outlook. We discuss pockets of sovereign risk, headwinds to globalisation, implication of&nbsp;rapid debt buildup, paradigm shifts in central banking, unintended consequence of massive&nbsp;liquidity injection and exceptionally low&nbsp;interest rates, froth in the global equity markets (especially big tech), China&rsquo;s crisis response, both with respect to the pandemic and economic lockdown, and outlook for USD and EUR. Prakash also touches on GIC&rsquo;s three pillars of ESG investment approach&mdash;offence (seizing&nbsp;opportunities in clean energy and technology), defence (screening its portfolio and engaging&nbsp;comapnies&nbsp;that form large holdings), and excellence (internal&nbsp;commitment to sustainability). GIC believes that companies with stronger sustainability credentials will deliver&nbsp;superior long-term risk adjusted returns. We share their belief whole-heartedly.</p>

Kopi time is a podcast series on insights from markets and economies around the world, hosted by Taimur Baig, Ph.D., Chief Economist of DBS Bank Ltd.

<p>Kopi time is a podcast series on insights from markets and economies around the world, hosted by Taimur Baig, Ph.D., Chief Economist of DBS Bank Ltd.</p>

Advertisement