Singapore considers the returns filed by its sovereign wealth fund GIC, and state investor Temasek, within expectations, according to a report by Reuters on Monday.

This comes after the country's lawmakers questioned the investors' performance, the report noted.

According to Singapore's senior minister of state for finance, Jeffrey Siow, the government does not play a role in Temasek's individual investment decisions, but added that it works with the GIC board to ensure mandate rules are followed.

Temasek reported a 10-year shareholder return of 5% for the fiscal year ended March 31, 2025. Meanwhile, GIC's 20-year annualized real return stood at 3.8% for the same period, the report added.

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