GIC Posts Worst Five-Year Return Since 2013; US Still Top Market
Singaporean sovereign wealth fund GIC Pte reported its lowest five-year annualized return in more than a decade, after the giant investor reduced some of its risks earlier on and its bond holdings didn’t fully rebound.
Singaporean sovereign wealth fund GIC Pte reported its lowest five-year annualized return in more than a decade, after the giant investor reduced some of its risks earlier on and its bond holdings didn’t fully rebound.