20-year rolling return for Singapore's GIC weakest in four years at 3.9% due to inflation and global equities/fixed income.

Singapore's sovereign wealth fund GIC posted a 3.9% annualised return over a 20-year period, marking its weakest 20-year rolling returns in four years. The fund attributed the lower returns to inflation and recent weak returns in global equities and fixed income. GIC's US and European assets have been rising, while its Asian exposure has decreased, making up only 26% of its portfolio as of March 2022.

July 23, 2024
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