[Scythian]

.
"GIC posts 3.9% 20-year annualized real rate of return, weakest investment gains in four years
Singapore’s sovereign wealth fund GIC reported a decline in returns for the past financial year without specifying the sum and cautioned that “profound uncertainty” will continue impacting future returns. In its annual report for 2023/2024, GIC disclosed a 20-year annualized real rate of return of 3.9% for the year ending March 31, compared to 4.6% last year. The growth pace was the slowest since its 2.7% investment return in 2020."
https://gutzy.asia/2024/07/24/gic-posts-...0in%202020.

[Scythian]

.
Now, we know why CPF management kept OA interest rates @ 2.50% p.a. for so bloody long.

They are well coordinated in pulling strings

[Scythian]

"In its investment report, GIC said that the higher-for-longer interest rates, "

Where got high interest?

CPF paying members OA very low interest rates @ 2.50% p.a.

[Scythian]

GIC poor performance is always due to slow economy and high interest rates.

Not becoz of poor judgement and lacking foresight.

Despite cheap money coming from CPF members OA low interest rates @ 2.50%.p.a.

[Scythian]

Comparing to Norwegian SWF

World’s largest sovereign wealth fund posts $110 billion in first-quarter profit as tech stocks surge
PUBLISHED THU, APR 18 2024 5:04 AM EDT

KEY POINTS
"Our equity investments had a very strong return in the first quarter, particularly driven by the tech sector," Trond Grande, deputy CEO of the fund, said in a statement.
The so-called Government Pension Fund Global, the world's largest sovereign wealth fund, said it had a value of 17.7 trillion kroner ($1.6 trillion) at the end of the March.
One of the world's largest investors, Norway's sovereign wealth fund was established in the 1990s to invest the surplus revenues of the country's oil and gas sector.

[Tee tiong huat]

While GIC is working for us Singaporean.

Romania’s on fire from Russians soldiers.
https://youtube.com/shorts/ZfrW73pV1bs?s...3boWsE3tRD

[Bw2023]

Is this why 4% special account is scrapped above 55?

[Scythian]

Is this why 4% special account is scrapped above 55?

Good gesture, CPF CEO and GIC CEO are friends

Same employer

[Tee tiong huat]

Is this why 4% special account is scrapped above 55?

When this special acct is scrap?...arhh?.