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GIC Singapore March 31, 2011 Report

GIC Singapore March 31, 2011 Report

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Published by sgvotes
GIC'S PERFORMANCE FOR THE YEAR

July 26 (Bloomberg) -- The Government of Singapore Investment Corp. says it continues to see "challenges" in the economic and investment environment even after the end of the global financial crisis, Chief Investment Officer Ng Kok Song said.

Annual returns in the past 20 years averaged 7.2 percent in

U.S. dollar terms as of end-March, GIC, established in 1981, said in an e-mailed statement. The real rate of return, in excess of global inflation, rose to 3.9 percent from 3.8 percent.

The investment company also published five-year and 10-year nominal rates of returns for the first time. Annual returns in the past five years, net of fees, was 6.3 percent, with a volatility of 12 percent, while the 10-year rate was 7.4 percent, with a volatility of 10 percent, according to the statement.
GIC'S PERFORMANCE FOR THE YEAR

July 26 (Bloomberg) -- The Government of Singapore Investment Corp. says it continues to see "challenges" in the economic and investment environment even after the end of the global financial crisis, Chief Investment Officer Ng Kok Song said.

Annual returns in the past 20 years averaged 7.2 percent in

U.S. dollar terms as of end-March, GIC, established in 1981, said in an e-mailed statement. The real rate of return, in excess of global inflation, rose to 3.9 percent from 3.8 percent.

The investment company also published five-year and 10-year nominal rates of returns for the first time. Annual returns in the past five years, net of fees, was 6.3 percent, with a volatility of 12 percent, while the 10-year rate was 7.4 percent, with a volatility of 10 percent, according to the statement.

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Published by: sgvotes on Aug 07, 2011
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