Emerging Markets Rout Is a Buying Opportunity, GIC's Lim Says
- Rising tech valuations give ‘some concern’ Lim Chow Kiat says
- Emerging markets present great opportunities for disruptors
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The rout in emerging markets presents a potential buying opportunity, according to the chief executive officer of Singapore’s sovereign wealth fund.
“As a long term investor, we are not too perturbed,” GIC Pte CEO Lim Chow Kiat said during a Q&A session at the Bloomberg Sooner Than You Think technology summit in Singapore on Thursday. “In some markets it will give us opportunities as well, in some companies or stocks, or even bonds that we like to buy. But the valuations were a bit stretched. Perhaps now is a better time.”