The fund measures its performance by evaluating returns over a 20-year period. The figure for FY2020/21 represented the average annual return of GIC’s portfolio between April 2001 and March 2021, with global inflation taken into account.
Singapore sovereign wealth fund GIC has posted its best performance since 2015. For FY2020/21 ended March, GIC recorded an annualised rolling 20-year real rate of return of 4.3%, up from 2.7% in the previous FY.
This signals higher potential contributions to Singapore’s coffers as the projected budget deficit hits $11 billion.
