Feb 03, 2008
Rachel Ziemba
"Singapore: GIC’s main target is to beat G3 inflation which it claims to have done since 1981 – with an average of 9.5% returns in USD terms over the 25 year period until 2006. Benchmarks include the MSCI World equity and enhanced Lehman global bond indices. GIC’s portfolio is thought to be about 50% equity, 20% bonds and as much as 30% alternatives (private equity, property, commodities)."
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