GIC enhances the government's portfolio

For the financial year ended March 2012, the 20-year annualised real rate of return was 3.9%.

The Government of Singapore Investment Corporation Pte Ltd said this means that GIC has enhanced the Government’s portfolio with real returns averaging 3.9% per year, in addition to having protected the portfolio against global inflation.

GIC continues to publish the 5-year and 10-year nominal rates of return to provide a sense of the on-going medium-term investment performance.

The 5-year annualised return in USD terms was 3.4% net of fees with a volatility of 12.9%, while the 10-year annualised return was 7.6% with a volatility of 10.4%. GIC said the returns and volatility statistics are compared against two composite global portfolios to offer perspective in reading the 5-year and 10-year figures.

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