GIC's annualised 20-year real rate of return dips to 3.9% from 4.6% before

Singapore sovereign wealth fund GIC's investment performance in 2023 was its weakest in four years. Its annualised 20-year real rate of return fell to 3.9 per cent, from 4.6 per cent in the previous financial year. GIC says the dip is due to a more cautious stance in recent years. A high-performing financial year was also left out from the rolling average. Nasyrah Rohim reports.