Chitchat Note GIC results reporting in the press

[scroobal]

See the various headlines from local and foreign press. GIC is seeing a steady erosion since 2001.

BT - CNA - ‘Cautious’ GIC sees returns dip amid low-yield environment. It has delivered steady long-term returns, doubling funds’ purchasing power since ‘97

ST - GIC sees steady long-term returns amid cautious portfolio stance

Today- GIC posts steady real returns of 3.7% amid uncertainty

- TNP/SPH Higher risks but returns remain low
Financial market volatility low despite uncertainty, says GIC in latest report

Reuters - GIC’s shrinking returns add to Singapore’s gloom

WSJ - Singapore’s Sovereign-Wealth Fund GIC Sounds Note of Caution

FT - Singapore’s GIC warns of weaker returns

 

[po2wq]

dose angmo news agency cant wait 2 c sinkielan die ...

 

[Devil Within]

3.7% per year is lower than inflation rate. In other words, it is losing money in real value!

 

[nayr69sg]

dose angmo news agency cant wait 2 c sinkielan die ...

Me too.

 

[SalahParking]

Its getting ridiculous, even a simple US Tresury bond index, close 2 eyes can beat this GIC. GIC is incompetant, "Its not fit for purpose."

http://1.bp.blogspot.com/_8rpY5fQK-UQ/TDI6iTSDzpI/AAAAAAAAJ0U/Z73uWAZCaSE/s1600/value.png

 

[nayr69sg]

Its getting ridiculous, even a simple US Tresury bond index, close 2 eyes can beat this GIC. GIC is incompetant, "Its not fit for purpose."

But if you talk to sinkies on the street they would say very good to put money in CPF! Get 2.5%? on OA 4% on SA where to find in the world?

Ignorance is bliss.

 

[thinkdeep]

What do you mean by "erosion"?
20-years compounded return in FY17 is 3.7%.
20-years compounded return in FY16 is think 4.0%.
That means GIC loses quite some money from FY16 to FY17?

See the various headlines from local and foreign press. GIC is seeing a steady erosion since 2001.

View attachment 31093

 

[thinkdeep]

Put in ETF also can earn >6% p.a., why so happy with 4% let alone 2.5%?

But if you talk to sinkies on the street they would say very good to put money in CPF! Get 2.5%? on OA 4% on SA where to find in the world?

Ignorance is bliss.