SINGAPORE: Sovereign wealth fund GIC posted its weakest 20-year rolling returns in four years, on the back of lower returns in recent years and stubborn inflation.
GIC, one of three entities that contribute to Singapore’s reserves, reported a 3.9 per cent annualised rolling 20-year real rate of return for the financial year ended March 31, 2024. This figure factors in inflation. The latest rate of return, which spans April 2004 to March 2024, is down from 4.6 per cent in 2023, 4.2 per cent in 2022 and 4.3 per cent in 2021.
