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Sovereign Wealth Funds Briefing - Categorized | Financials

Is GIC experiencing a computer glitch like CNB?

Posted on 26 September 2011

According to the annual reports of the Government Investment Corporation (GIC), it was reporting its 20-year nominal returns in both US$ (5.7%) and S$ (4.4%), in its 2009 report. It also gave the real return in Singapore Dollars (S$), at 2.6 per cent, but not in United States of America Dollars (US$).
However GIC’s 2010 and 2011 reports only gave returns in US$. Which means that the report went from reflecting no real US$ returns in 2009, to only real US$ returns in 2010 and 2011, being 3.8 per cent and 3.9 per cent respectively, and no longer in S$. Why is this so?………………………………………Full Article: Source

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VRS - who has written 15976 posts on Opalesque Sovereign Wealth Funds Briefing.


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