Tuesday 16 Apr 2024
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SINGAPORE (July 5): The pressure is on for Singapore’s sovereign wealth fund GIC.

In May, GIC received an injection of funds totalling S$45 billion from the Monetary Authority of Singapore. The funds are derived from MAS’ official foreign reserves, which the central bank had deemed as excess OFR that could be put to better use under GIC.

Now, all eyes are on GIC to generate attractive and sustainable returns.

However, the sovereign wealth fund earlier this week warned it is now more cautious about the investing environment than it was last year — and is bracing for...(click on link for full story on theedgesingapore.com)

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