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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