Singapore's GIC posts best performance since 2015 despite pandemic year

Singapore's GIC posts best performance since 2015 despite pandemic year
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SINGAPORE (July 23): Singapore's sovereign wealth fund GIC has posted its best performance since 2015.

For the financial year ended March 31, 2021, GIC recorded an annualised rolling 20-year real rate of return of 4.3%, up from 2.7% in the previous financial year. 

This signals higher potential contributions to Singapore’s coffers as the projected budget deficit hits S$11 billion (about RM34.2 billion) ... (click on link for full story on theedgesingapore.com).