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Home / News / Sovereign Wealth Funds

GIC posts best performance since 2015 despite pandemic year

Sovereign wealth funds

GIC posts best performance since 2015 despite pandemic year

Jovi Ho Published on Fri, Jul 23, 2021 / 8:10 AM GMT+8

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Singapore sovereign wealth fund GIC has posted its best performance since 2015. For FY2020/21 ended March, GIC recorded an annualised rolling 20-year real rate of return of 4.3%, up from 2.7% in the previous FY.

This signals higher potential contributions to Singapore’s coffers as the projected budget deficit hits $11 billion.

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