SINGAPORE: Singapore multi-billion-dollar sovereign wealth fund GIC on Thursday reported a substantial dip in returns and warned of “difficult” global investment conditions over the next decade.
GIC said in a statement its annualized rate of return, excluding global inflation, for the past 20 years fell to 4.0 percent in the year to March 2016, from 4.9 percent in 2015, adding future returns will be challenged by uncertainties caused by the low-yield environment.
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