26.07.2011 - GIC sees significant challenges
The Government of Singapore Investment Corp. said Tuesday its average rate of return for the fiscal year ended March grew from the previous year as global equities markets continue to improve, but warned that significant challenges remain ahead due to uncertainties surrounding the global economy. In a statement, GIC, which manages Singapore's foreign-exchange reserves, said in its annual report that average rate of return from its investments for the 20 years to March rose to 7.2% in U.S. dollar terms compared with a 20-year average 7.1% return a year earlier..............................................Full Article: Source
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