Singapore’s Temasek to Put $30 Billion in US Over Five Years (1)

Singapore’s state-owned Temasek Holdings Pte Ltd. plans to invest $30 billion in the US market over the next five years as the firm remains cautious on putting money into China.

“The Americas is going to be and continue to be the largest recipient of capital,” Jane Atherton, Temasek’s head of North America, said in an interview Monday.

Temasek’s investments for North and South America surpassed China for the first time in at least a decade this year. Americas investments now account for 22%, or $63 billion, of its portfolio. Chinese investments make up 19% of the portfolio, and those ...