Singapore: Temasek-backed fund seeks to marry doing good with high returns


ABC World Asia's chief executive officer David Heng. The fund has a team of 15 and will release its first year-in-review report soon. - Bloomberg

SINGAPORE, March 21 (Bloomberg): A Temasek-backed fund aims to foster growth in impact investing in Asia by striking deals that can do good while still generating a commercial rate of return.

ABC World Asia chief executive officer David Heng outlined his vision for the $405 million impact investment fund in his first interview since taking the role at its inception in 2019.

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