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Finance

Singapore's GIC leans more on private markets as returns rise

Sovereign wealth fund posts best performance since 2015 amid cautious optimism

Singapore sovereign wealth fund GIC has achieved its best performance since fiscal year 2015.   © Reuters

SINGAPORE -- Singapore's sovereign wealth fund GIC is leaning more heavily on private markets to sustain returns, as it posted its best performance since 2015 during its last fiscal year.

The investor on Friday said that after accounting for global inflation, its portfolio achieved an annualized real rate of return of 4.3% over a 20-year period that ended on March 31 this year.

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