GIC posts 3.9% annualised return over 20 years

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The Straits Times 6h ago

GIC posts 3.9% annualised return over 20 years - The Straits Times

Quick Summary:

The figure for the year ended March 31, 2024, is the weakest in four years.

The fund measures its performance by evaluating returns over a 20-year period, which is in line with its mandate to preserve and enhance the international purchasing power of the reserves over the long term.

The fund has also set up an investment programme for green assets in 2024, following green shoots in the sustainability solutions group in the private equity department, investing in climate technologies.