GIC Warns of Muted Market Returns as Fund Performance Slumps

  • 20-year annualized real rate of return falls to 4 percent
  • State fund expects low growth, high risk, more uncertainty

Singapore Banks Face the Prospect of Subdued Loan Growth

GIC Pte, which manages Singapore’s foreign reserves, said its key performance measure declined and warned that record-low interest rates will weigh on investment returns in the coming decade.

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