| Singapore sovereign wealth fund GIC, which manages more than $100 billion of the city-state's foreign reserves, warned in its annual report of a tough investment outlook over the next decade as global central banks withdraw ultra-easy monetary policies. According to GIC, prices of all major asset classes have been inflated by the massive stimulus measures, and now face weak future returns.
"Global financial markets have been recovering strongly from the 2008/09 global financial crisis, supported by low interest rates and unconventional monetary policies," GIC indicated in the report. As central banks unwind monetary stimulus measures and interest rates increase, "financial assets will see diminished returns", it said...............................................Full Article: Source
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