AS DEBATE over the need for a revitalisation of the Singapore Exchange (SGX) heats up, most market watchers that spoke to The Business Times believe it is time to “think out of the box”, and seriously consider the use of GIC funds for investments in the local stock market.
Some analysts said a small portion of the sovereign wealth fund could be allocated to the local bourse to boost valuations and investor confidence, although at least one felt that there was no need to do so.
To be clear, it is not the first time that market observers have called for funds from GIC – the Singapore sovereign wealth fund that manages the country’s foreign reserves – to be used to lift the stock market’s flagging fortunes.
