28.09.2010 - Singapore GIC's average rate of return rises
From WSJ: The Government of Singapore Investment Corp. said its average rate of return had picked up pace in the year ended March from the previous year as global equities markets rebounded but warned that significant challenges remained ahead. In a statement, GIC, which manages Singapore's foreign-exchange reserves, said its average rate of return from its investments for the 20 years to March rose 7.1% in U.S. dollar terms, accelerating from a 20-year average 5.7% return a year earlier. Its real rate of returnóin excess of global inflationówas 3.8%, it said..............................................Full Article: Source
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