31.07.2012 - GIC sees challenging investment outlook for medium term
The Government of Singapore Investment Corporation (GIC) sees a challenging investment outlook for the medium term. In its annual report, GIC says investment returns are likely to be low until the global economy returns to balanced and sustainable growth. GIC reiterates that its investments are for the long term. For the financial year ended March 2012, the sovereign wealth fund says its 20-year annualised real rate of return remained at 3.9 percent, unchanged from the previous year. This was partly attributed to positive returns from bonds and real estate...............................................Full Article: Source
Print