31.07.2012 - Singapore GIC: 20-year annualized real rate of return 3.9pct for year ended in March
The Government of Singapore Investment Corp. said Tuesday its average rate of return for the fiscal year ended in March was unchanged from the previous year, but warned investment returns are likely to remain low given uncertainty surrounding the global economy. In a statement, GIC, which manages Singapore's foreign-exchange reserves, said in its annual report the annualized real rate of return from its investments for the 20 years through March was 3.9% in U.S. dollar terms, unchanged from a year earlier...............................................Full Article: Source
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