GIC's annualised 20-year real rate of return dips to 3.9% from 4.6% before
Singapore sovereign wealth fund GIC's investment performance in 2023 was its weakest in four years. Its annualised 20-year real rate of return fell to 3.9 per cent, from 4.6 per cent in the previous financial year. GIC says the dip is due to a more cautious stance in recent years. A high-performing financial year was also left out from the rolling average. Nasyrah Rohim reports.
Singapore sovereign wealth fund GIC's investment performance in 2023 was its weakest in four years. Its annualised 20-year real rate of return fell to 3.9 per cent, from 4.6 per cent in the previous financial year. GIC says the dip is due to a more cautious stance in recent years. A high-performing financial year was also left out from the rolling average. Nasyrah Rohim reports.
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