By Lee Su Shyan, Assistant Money Editor

TEMASEK Holdings has tweaked its long-term investment direction to focus more on Asia and emerging markets such as Brazil and Russia, with reduced emphasis on developed countries like the United States and Europe.

The approach - summed up as a '10-20-30-40' game plan - was outlined by outgoing chief executive Ho Ching to up-and-coming professionals from the civil, legal and uniformed services on Tuesday.

Ms Ho said the portfolio mix aims for about 10 per cent to Latin America, Russia and Africa and about 20 per cent to Organisation for Economic Cooperation and Development (OECD) countries, or the developed countries. That leaves 30 per cent for Singapore investments and the remaining 40 per cent for the rest of Asia.

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