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GIC posts best performance since 2015 despite pandemic year

Jovi Ho
Jovi Ho7/23/2021 8:10 AM GMT+08  • 3 min read
GIC posts best performance since 2015 despite pandemic year
This signals higher potential contributions to Singapore’s coffers as the projected budget deficit hits $11 billion.
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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.

The fund measures its performance by evaluating returns over a 20-year period. The figure for FY2020/21 represented the average annual return of GIC’s portfolio between April 2001 and March 2021, with global inflation taken into account.

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