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Sovereign Wealth Funds Briefing - Categorized | Market, People

GIC’s 30-year outlook ‘less benign’: MM Lee

Posted on 10 May 2011

Government of Singapore Investment Corp (GIC), Singapore’s sovereign wealth fund, expects the investment outlook in the next 30 years to be ‘less benign’, or less favourable, Chairman Lee Kuan Yew said.
The fund’s returns have been comparable with the annual 10.2 per cent gain in equities since its inception in 1981, said Minister Mentor Lee……………………………………….Full Article: Source


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