CNA·3 min read·medium
GIC’s 20-year annualised real return falls to 3.4%, lowest in 6 years
A
Abigail Ng
✦AI Summary
Singapore's sovereign wealth fund, GIC, reported its lowest 20-year annualized real return in six years at 3.4%. The fund attributed this performance to a strategy of prioritizing resilience and reducing risk amid global economic uncertainty.
The sovereign wealth fund says it took less risk and prioritised resilience, in line with its long-term mandate.
economybusiness
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