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Home / News / Global Markets

GIC cautious in light of challenging investment outlook; returns for 20-year period at 3.4%

Global Markets

GIC cautious in light of challenging investment outlook; returns for 20-year period at 3.4%

Jeffrey Tan Published on Fri, Jul 05, 2019 / 8:00 AM GMT+8

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SINGAPORE (July 8): Singapore’s sovereign wealth fund GIC is treading carefully as the investment outlook turns more challenging. This comes as high valuations, slowing global growth and significant uncertainties could potentially lead to lower returns for both the GIC Portfolio and the Reference Portfolio, the SWF says in its 2018/19 annual report released on July 2.

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