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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

GIC recoups most losses

Posted on 28 September 2010

From Straitstimes.com: The Government of Singapore Investment Corporation (GIC) has recouped most of the losses incurred during the global financial crisis and said that it will strengthen its investment focus on emerging markets.
Its annual report released on Monday shows that the 20-year nominal annual rate of return in US dollar terms jumped from 5.7 per cent to 7.1 per cent for the 12 months to March 31. The investment firm’s real rate of return, after accounting for global inflation, rose to 3.8 per cent from 2.6 per cent……………………………………….Full Article: Source


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