The sovereign wealth fund continues to see opportunities in private equity, AI and emerging markets
SINGAPORE’S sovereign wealth fund GIC reported an annualised rolling 20-year real rate of return of 3.9 per cent for its latest period ended Mar 31, 2024.
This rate of return – which accounts for inflation and spans the 20-year period from April 2004 to March 2024 – is down 0.7 percentage point from 4.6 per cent the previous year, GIC said on Wednesday (Jul 24).
“The profound uncertainty we face is likely to continue to weigh on returns. Amid this volatility, we must play to our strengths and seize new opportunities,” said Lim Chow Kiat, chief executive of the sovereign wealth fund.