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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Australia Latest News, Australia Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Chee Hong Tat on allocating part of GIC’s investments to locally listed companiesThe Government will continue to find ways to improve the attractiveness of the local equity market, but directing GIC to invest in locally listed companies is not the solution. Second Minister for Finance Chee Hong Tat said this in Parliament on Tuesday (Jul 2) in response to an MP’s question.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Investments from GIC 'not the solution' to shake up Singapore's stock market: Chee Hong Tat“Doing so will compromise our objectives of setting up GIC, which is not beneficial for Singapore and Singaporeans,” says Transport Minister and Second Minister for Finance Chee Hong Tat.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Singapore will not direct GIC to invest in locally listed companies: Chee Hong TatIt will continue to groom and develop local firms, with an eye on IPOs for some of them.
Source: The Straits Times - 🏆 8. / 63 Read more »