Asset returns will be low for next five to 10 years: GIC

asset returns will be low for next five to 10 years gic

Sumary of Asset returns will be low for next five to 10 years: GIC:

  • It expects that the returns from a broad range of asset classes will be low for the next five to 10 years, despite world economic growth expected to be strong in the near term, thanks to government stimulus and economies reopening, noted GIC chief executive Lim Chow Kiat at a briefing yesterday.
  • Group chief investment officer Jeffrey Jaensubhakij noted that the increase in debt is because of the fiscal support that governments have provided to keep their economies afloat amid the pandemic.
  • GIC noted that its investment teams seek to diversify across asset classes and geographies to make its portfolio more robust, adding that it is setting up its 11th office – in Sydney – next year to better source for opportunities.
  • These are competitive spaces to be in, he noted, “but I think we are going to lean on whatever advantage we can muster around our partnerships, our local teams and our long-term capabilities to try to find those opportunities where (we) can”.

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