We track our total returns to our shareholder over various periods.

Total Shareholder Return (TSR) is a compounded and annualised measure, which includes dividends paid to our shareholder and excludes capital injections from our shareholder. We track our TSR over short, medium, and long time periods.

As at 31 March 2016, our Singapore dollar one-year TSR was negative 9.02%. Our three-year TSR was 3.25% and our 10-year TSR was 6%. Our 20-year TSR was 6%, versus the Singapore 20-year annualised core inflation of under 2%; 40-year TSR was 15%.

Our TSR is measured against our risk-adjusted hurdle rate, which is derived using a capital asset pricing model. The hurdle rate is built bottom-up, and aggregated over all our investments.

(as at 31 March 2016)

S$ Total Shareholder Return and Risk-adjusted Hurdle Rate (%)

Value since Inception

Value since Inception

Temasek's portfolio grew from S$354 million at inception to S$242 billion, 42 years later.

An Active Investor

An Active Investor

We are owners of our portfolio, working to deliver long term sustainable value to our stakeholders and making a difference in what we do.

Investing for Generations

Investing for Generations

Temasek also plays an enabler role across all stages of enterprise, from startups to later stage companies, seeking out those with disruptive business models that are potential game changers and transforming existing businesses.