Riskier investment strategy rewards GIC
The Government of Singapore Investment Corporation (GIC) reported that its 20-year real rate of return in excess of global inflation rose to 3.8% in the financial year to the end of March from 2.6% for the previous financial year ending 31 March in its Annual Report released on 27 September.
The report presents information on the performance of the funds under GIC's management.
Tony Yam, the deputy chairman and executive director of GIC, said the sovereign wealth fund started to selectively take
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