29.07.2016 - Singaporean wealth fund warns of hard investment decade
Singapore’s multibillion-dollar sovereign wealth fund GIC yesterday reported a substantial dip in returns and warned of “difficult” global investment conditions over the next decade. The fund said in a statement its annualized rate of return, excluding global inflation, for the past 20 years fell to 4 percent in the year to March, from 4.9 percent last year, adding that future returns would be challenged by uncertainties caused by a low-yield environment. “These difficult investment conditions can stretch for the next 10 years,” deputy group president and chief investment officer Lim Chow Kiat said...............................................Full Article: Source
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