Turmoil in global markets this year that has brought down valuations may have further to run, but this is going to create more investment choices in the future, according to Mubadala CEO Khaldoon Khalifa Al Mubarak.
“For investors such as ourselves, looking at it from a long-term perspective, valuations now are coming to a much better place,” the Mubadala Group CEO said at the Bloomberg New Economy Forum in Singapore.
“I still think there is more pain, generally speaking, but we will have more opportunities than less opportunities in time ahead of us.”
Valuations in a better place says Mubadala chief
For GIC CEO Lim Chow Kiat, also a longer-term investor, having a higher asset yield is a good thing. The Singapore sovereign fund’s head sees opportunities as supply chains realign after the Covid pandemic.
“We are still dealing with the inflation pressures, but there have been some good structural developments,” he said on Wednesday. “I would in fact highlight the US as an interesting market.”
“Valuation may not be quite there yet, but if you look at some of the longer term trends, for example the government incentives to really reindustrialize the economy, that’s a big positive,” Lim said.
“We are pretty confident that down the road we should be able to find good investment opportunities out of that.”
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