29.09.2009 - Wealth fund GIC looks to Asia
From Reuters: The Government of Singapore Investment Corp, or GIC, the larger of Singapore's two wealth funds with an estimated $200 billion or more in assets, said it was bearish on bonds but cautiously optimistic about prospects for emerging markets and Asia. GIC's portfolio shrank by over 20 percent in the 12 months to March 2009, pushing its average nominal returns in dollar terms for the 20 years to March 31 down to 5.7 percent, from 7.8 percent a year ago, the Singapore fund said in its annual report.....................Full Article: Source
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