Singapore's GIC posts weakest investment gains in four years

Singapore's GIC posts weakest investment gains in four years

FILE PHOTO: A signage of Singapore's sovereign wealth fund GIC is pictured at their office in Singapore July 13, 2023. REUTERS/Edgar Su/File Photo

Singapore’s sovereign wealth fund GIC posted an annualised real rate of return of 3.9% for the 20-year period ended March 31, 2024, compared with 4.6% in the previous year, according to its annual report released on Wednesday. The growth, its main performance indicator, was slowest since its 2.7% investment return in 2020.

Edited by: Joymitra Rai