| Singapore's sovereign wealth fund has for a second consecutive year undershot two performance indicators and forecast a decade of weak financial market returns. The Government Investment Corporation's (GIC) annualised nominal return in US dollars was 12.4% over five years, 7% over 10 years and 6.5% over 20 years in the financial year to March 31.
Although the 10-year return was 30 basis points higher versus a reference portfolio used to indicate performance, the five-year return undershot by 150 basis points and the 20-year return was 70 basis points lower...............................................Full Article: Source
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