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Singapore's finance minister defended state funds' returns, citing long-term performance and risk-adjusted results.
Singapore's finance minister Jeffrey Siow defended the performance of state investment funds GIC and Temasek, stating their returns are reasonable given their mandates and risk profiles.
Speaking in Parliament on January 12, 2026, he emphasized long-term results over short-term fluctuations, noting GIC’s 20-year real return of 3.8% and Temasek’s 8% annual total shareholder return in U.S. dollars.
Siow said the government evaluates performance based on net returns and risk-adjusted outcomes, not comparisons to peers, and reaffirmed that it does not interfere in investment decisions.
Both funds will continue to be reviewed amid shifting global conditions.
El ministro de Finanzas de Singapur defendió los rendimientos de los fondos estatales, citando el desempeño a largo plazo y los resultados ajustados al riesgo.