A GIC sign is pictured at their office in Singapore July 26, 2022. REUTERS/Anshuman Daga* Ups allocation to private equity to 17% from 15% year ago* GIC increases investments in real estate, infrastructureSINGAPORE, July 27 - Singapore sovereign wealth fund GIC, one of the world's biggest investors, is bracing for muted investment returns and expects little respite from runaway inflation that has forced central banks around the world to tighten policy.
GIC is ranked as the world's sixth-biggest sovereign investor with $799 billion in assets, according to research firm Global SWF. Lim said central banks are likely to further tighten policy, at least in the short term, to fight inflation. "Many of the real estate and infrastructure type investments actually have either automatic CPI riders or an ability to raise rents once the lease ends," said Jeffrey Jaensubhakij, GIC's group chief investment officer.
GIC, which counts Alibaba and Meituan among its Chinese investments, said the worst was likely over on a technology regulatory crackdown in the world's second-largest economy.