 
In 2006, GIC celebrated its 25th anniversary. Since its inception,
GIC has grown in size, breadth and depth, and today manages an
investment portfolio of well over US$100 billion. GIC's operations
now extend over nine asset classes (developed market equities,
emerging market equities, private equity, nominal bonds, inflation-
linked bonds, real estate, commodities, hedge funds and short term
assets including currency overlay), while geographically, its
investments now cover more than 40 countries.
At the 25th anniversary celebrations, GIC's Chairman, Minister Mentor
Lee Kuan Yew announced GIC's investment results for the first time.
Over a period of 25 years to March 2006, the annual rate of return on
foreign reserves managed by GIC averaged 9.5% in US dollar terms, and
8.2% in Singapore dollar terms. The average rate of return over
global inflation was 5.3% per annum, and the operative figure was
5.3% per annum over 25 years. GIC has thus fulfilled its mandate of
preserving the international purchasing power of Singapore's
reserves. Indeed, GIC has significantly enhanced their value.
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