Singapore’s GIC warns of lower returns in coming years
The manager of Singapore's sovereign wealth fund anticipates "significantly lower and more volatile returns" over the next decade or two, it warned on July 27.
GIC revealed its annualised real rate of return over the past 20 years was 4.0%, a drop from 4.9% last year, in its annual report for the financial year ending March 31.
Returns could dip further in the coming years. Group president Lim Siong Guan and deputy group president Lim Chow Kiat point to high valuations across major asset classes
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