Market Chatter: Singapore Says Defends Returns Filed by GIC, Temasek Within Expectations

MT Newswires
Jan 12

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.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10