GIC annualised return over 20 years at 3.9%

Changing lanscape: A view of the Singapore skyline. GIC, the country’s sovereign wealth fund, reported numbers for 2024 that were the lowest in four years. — Reuters

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% annualised rolling 20-year real rate of return for the financial year ended March 31, 2024.