GIC posts lower 3.4% 20-year annualised real rate of return, launches new investment framework
Singapore's sovereign wealth fund, GIC, reported a 3.4% annualised 20-year real rate of return, marking a decline from previous periods. The fund is updating its investment framework to navigate a more volatile global landscape shaped by geopolitical tensions and artificial intelligence.
Why it matters
As a major global investor, GIC's shift in strategy reflects broader institutional concerns regarding the stability of the global economic order and the impact of emerging technologies.
Singapore sovereign wealth fund sees need for more flexibility amid geopolitical tensions, AI advances
[SINGAPORE] Sovereign wealth fund GIC reported an annualised rolling 20-year real rate of return of 3.4 per cent for its latest period ended Mar 31, 2026.
The return – which accounts for inflation and spans the 20-year period from April 2006 to March 2026 – is down 0.4 percentage point from the 3.8 per cent recorded in the previous year, GIC said on Friday (Jul 24). The latest figure is the lowest since FY2019/2020.
“GIC has prioritised portfolio resilience as part of our mandate (to preserve and advance real value), and our performance continues to be within expectations,” said Lim Chow Kiat, CEO of GIC.
With ongoing changes in the global investment environment, the sovereign wealth fund refreshed its investment framework with effect from this financial year beginning Apr 1, 2026.
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