GIC Generates Positive Return for FY 2021
Posted on 07/22/2021
Singapore’s GIC Private Limited revealed it had a good return for the Fiscal Year ending March 31, 2021. GIC’s portfolio reached an annualised USD nominal rate of return of 6.8% over a 20-year period that ended 31 March 2021. After accounting for global inflation, GIC’s annualised real rate of return stood at 4.3% over the same period. This means that over the past 20 years, from April 2001 to March 2021, GIC has achieved an average annual return of 4.3% — over and above the global inflation rate. This was GIC’s best annual performance since 2015. The five-year nominal return increased to 8.8%.