GIC reports weakest 20-year investment growth in four years amid global challenges

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الإمارات العربية المتحدة أحدث الأخبار,الإمارات العربية المتحدة عناوين

GIC attributed the diminished returns to several global economic and geopolitical factors such as US monetary policies and China’s property market challenges.

SINGAPORE: Singapore’s sovereign wealth fund, GIC, has reported its weakest 20-year investment growth in four years, citing a 3.9% rise in annualized real returns and a 5.8% rise in nominal returns as of March 31, 2024. This performance covers the period from April 2004 to March 2024 and represents a significant slowdown compared to previous years.

The fund highlighted three primary areas of concern: US monetary policies, China’s property market challenges, and broader geopolitical tensions.

 

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