GIC boosts allocations to China and emerging markets

Meanwhile, the Singapore sovereign wealth fund pares exposure to Europe and the US, citing an uncertain long-term outlook.

GIC boosts allocations to China and emerging markets

The Government of Singapore Investment Corporation GIC has raised its allocations to China and other emerging markets in a bid to boost returns, which amounted to 3.9% in the year to March 31, up slightly from 3.8% in 2010.

The figures, released yesterday in the sovereign wealth fund’s annual report, are based on a 20-year annualised real rate of return that takes global inflation into account. GIC achieved a nominal annualised rate of return of...

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