Singapore | Leading financial centre in Asia | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets? Caproasia - Learn more

This site is for accredited investors, professional investors, investment managers and financial professionals only. You should have assets around $3 million to $300 million or managing $20 million to $3 billion.

Singapore $360 Billion Sovereign Wealth Fund GIC Reports 7% Nominal Returns & 4.2% Real Returns Over 20 Years

28th July 2022 | Singapore

Singapore $360 billion Sovereign Wealth Fund GIC has reported 7% nominal returns & 4.2% real returns over 20 years in the GIC 2021/2022 Report.  Singapore GIC CEO Lim Chow Kiat:  “The investment landscape is shifting rapidly. Years of concerns over deflation have turned into worries of elevated inflation, forcing economic policymakers to reverse stimulus policies. At the same time, the clock for the climate crisis is ticking, pandemic risk lingers on, and geopolitical conflicts and domestic political schisms are growing. GIC will continue to adapt to these changing realities while remaining anchored to our mandate, values, and investment principles.”  GIC: “We continue to generate good, stable real returns.  Our diversified portfolio and cautious investment stance helped to cushion GIC’s performance from the market correction in early 2022. This posture was held throughout FY2021/22, given elevated asset valuations and uncertainty arising from potential inflationary pressures. We have kept our emphasis on being prepared for multiple scenarios, maintaining price discipline, adding optionality, and expanding our bottom-up investment activities.” (GIC did not release info on total assets in the report.  Assets of $360 billion is extracted from 2022 World Economic Forum official profile on GIC.  Other source estimated assets of $400 billion to over $700 billion.) View: GIC 2021/2022 Report | How GIC Manages Portfolio

“ Singapore $360 Billion Sovereign Wealth Fund GIC Reports 7% Nominal Returns & 4.2% Real Returns Over 20 Years “


- Article continues below -

Sign Up
Basic Member: $5 Monthly | $60 Yearly
Newsletter Daily 2 pm (Promo): $20 Monthly | $180 Yearly (FP: $680)

The 2024 Investment Day
6th March Hong Kong | 13th March Singapore

Private Equity, Hedge Funds, Boutique Funds, Private Markets & more. Taking place on 6th March 2024 in Hong Kong, 13th March 2024 in Singapore.
Visit | Register here

The 2024 Family Office Summit
10th April Hong Kong | 24th April Singapore

Join 100+ single family offices & family office professionals in Hong Kong & Singapore
Links: 2024 Family Office Summit | Register here

GIC, formerly known as Government of Singapore Investment Corporation, is a sovereign wealth fund of the Government of Singapore. GIC is a global investment firm with $360 billion in assets under management. Established in 1981, it manages Singapore’s foreign reserves and is positioned for long-term and flexible investments throughout asset classes, including public equities, fixed income, real estate and private equity. In private equity, GIC invests through funds and directly in companies, partnering with its fund managers and management teams. GIC employs 1,300 people in offices in Singapore, Beijing, London, Mumbai, New York, San Francisco, São Paulo, Seoul, Shanghai and Tokyo. (2022 World Economic Forum on GIC)


Singapore GIC Report

Singapore | Leading financial centre in Asia

Generating good, stable returns over inflation

Over 20 years up to 31 March 2022, the GIC Portfolio’s annualised nominal and real (above global inflation) returns were 7.0% and 4.2% respectively per year.


Portfolio Diversification in an Environment of Resurgent Inflation

The resurgence of inflation has been a key theme shaping the global investment environment. It is especially important for GIC given our mandate to preserve and enhance Singapore’s international purchasing power for the foreign reserves that we manage.  As the environment changes, diversifying our portfolio and engaging in alternative scenario planning remain at the heart of our portfolio construction philosophy.


Investing in a World of Transition

In 2021, the recovery in economic activity on the back of vaccine rollouts and reopenings brought with it challenges such as a significant increase in inflation across advanced and emerging economies. This was driven by COVID-related supply disruptions, a rapid recovery in demand for certain goods, and rising wages.  Beyond the cyclical horizon, there are secular trends that have been reinforced by developments over the past few years related to COVID-19 and the flare-up in geopolitical tensions, such as:

  • Technological advancement
  • Pressures to reduce inequality of incomes and opportunities
  • Transition towards a low-carbon economy


Investing Sustainably

GIC is committed to enabling the global transition to a net-zero economy through our investments and operations. We believe that it is critical to focus on making a positive impact in the real economy. To do this, it is more constructive to actively engage and support companies in their transition towards long-term sustainability than to mechanically divest from certain industry sectors.


Liew Tzu Mi, GIC Chief Investment Officer of Fixed Income & Chair of the Sustainability Committee:

“We believe most companies are in the middle of the spectrum and at varying stages of their transition depending on factors such as their history, the nature of their markets, and the technologies available to them. GIC’s role as a long-term investor is to encourage their transition efforts.”

Managing $20 million to $3 billion. Investing $3 million to $300 million.
For Investment Managers, Hedge Funds, Boutique Funds, Private Equity, Venture Capital, Professional Investors, Family Offices, Private Bankers & Advisors, sign up today. Subscribe to Caproasia and receive the latest news, data, insights & reports, events & programs daily at 2 pm.

Join Events & Find Services
Join Investments, Private Wealth, Family Office events in Hong Kong, Singapore, Asia-wide. Find hard-to-find $3 million to $300 million financial & investment services at The Financial Centre | TFC. Find financial, investment, private wealth, family office, real estate, luxury investments, citizenship, law firms & more.  List hard-to-find financial & private wealth services.

Have a product launch? Promote a product or service? List your service at The Financial Centre | TFC. Join interviews & editorial and be featured on or join Investments, Private Wealth, Family Office events. Contact us at [email protected] or [email protected] | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets?

Quick Links

2021 Data Release
2020 List of Private Banks in Hong Kong
2020 List of Private Banks in Singapore
2020 Top 10 Largest Family Office
2020 Top 10 Largest Multi-Family Offices
2020 Report: Hong Kong Private Banks & Asset Mgmt - $4.49 Trillion
2020 Report: Singapore Asset Mgmt - $3.48 Trillion AUM

For Investors | Professionals | Executives
Latest data, reports, insights, news, events & programs
Everyday at 2 pm
Direct to your inbox
Save 2 to 8 hours per week. Organised for success

Register Below

For CEOs, Heads, Senior Management, Market Heads, Desk Heads, Financial Professionals, Investment Managers, Asset Managers, Fund Managers, Hedge Funds, Boutique Funds, Analysts, Advisors, Wealth Managers, Private Bankers, Family Offices, Investment Bankers, Private Equity, Institutional Investors, Professional Investors

Get Ahead in 60 Seconds. Join 10,000 +
Save 2 to 8 hours weekly. Organised for Success.

Sign Up / Register

    InvestorProfessionalFamily OfficeExecutive


    Professional InvestorPrivate WealthFamily OfficePrivate BankingWealth ManagementInvestmentsAlternativesPrivate MarketsCapital MarketsESG & SICEO & EntrepreneursTax, Legal & RisksHNW & UHNWs Insights

    Web links may be disabled on mobile for security.
    Please click on desktop.

    Caproasia Users

    • Manage $20 million to $3 billion of assets
    • Invest $3 million to $300 million
    • Advise institutions, billionaires, UHNWs & HNWs

    Caproasia Platforms | 11,000 Investors & Advisors

    Monthly Roundtable & Networking

    Family Office Programs

    The 2024 Investment Day

    • March 2024 - Hong Kong
    • March 2024 - Singapore
    • June 2024 - Hong Kong
    • June 2024 - Singapore
    • Sept 2024 - Hong Kong
    • Sept 2024 - Singapore
    • Visit: The Investment Day | Register: Click here

    Caproasia Summits

    Contact Us

    For Enquiries, Membership
    [email protected], [email protected]

    For Listing, Subscription
    [email protected], [email protected]

    For Press Release, send to:
    [email protected]

    For Events & Webinars
    [email protected]

    For Media Kit, Advertising, Sponsorships, Partnerships
    [email protected]

    For Research, Data, Surveys, Reports
    [email protected]

    For General Enquiries
    [email protected]

    Caproasia | Driving the future of Asia
    a financial information technology co.
    since 2014

    Previous articleUnited States SEC Files Insider Trading Charges Against Former Prosecutor & Retired Congressman with $334,000 Profit on $1.5 Million of Stocks, Acquired Tip During Golf Game
    Next article34-Year Citi Veteran C.R. Sambamurthy Returns from Sabbatical as Citi Asia Head of Citigold & Citigold Private Client, Added 14,000 New Wealth Clients & Hundreds of Private Bankers & Relationship Managers in 2021 covering capital markets, investments and private wealth in Asia. Our users manage, advise & invest $25 trillion assets in Asia