10.05.2011 - GIC's annual return last 30 yrs comparable to equities' 10.2 pct
The Government of Singapore Investment Corp (GIC) has achieved returns comparable to equities since its inception 30 years ago, but with less risk, Chairman Lee Kuan Yew said on Monday. "Compared with the popular high-return asset class of equities, which returned 10.2 percent per annum in U.S. dollar terms since 1981, the GIC portfolio made comparable returns with lesser risk, Lee said at a dinner to mark the sovereign wealth fund's 30th anniversary..............................................Full Article: Source
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