We invest in adiversified portfolioto produce...

We invest in a
diversified portfolio
to produce superior
risk-adjusted returns

The returns from the GIC Portfolio contribute a steady stream of income to the Government’s budget. With this in mind, we are focused on achieving our objective of achieving good returns over a 20-year investment horizon.

Within the risk tolerance limits defined by the Reference Portfolio, GIC aims to achieve better long-term returns than can be attained through investing passively i.e. “beta” returns. The GIC Portfolio is principally shaped by the Policy Portfolio, but allows for an active overlay of management strategies. The new framework distinguishes clearly between different drivers of return. The Policy Portfolio focuses on taking systematic risks to achieve higher returns through long-term asset allocation strategies. Separately, the Active Portfolio aims at additional skills-based “alpha” returns.

The core asset classes in the Policy Portfolio are:

developed market equities
emerging market equities
nominal bonds and cash
inflation-linked bonds
private equity
real estate

http://www.gic.com.sg/en/our-business/gic-portfolio

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