External Fund Management

"Although GIC is a fund management organisation, we have adopted the principle of 'best sourcing' in the continuous and global search for excellent external fund managers who can complement our role and also contribute to the return objectives set by our client."
- Ms Wee Sau Ling, Director, External Fund Management

The External Fund Management Department (EFMD) is dedicated to the management of GIC's External Fund Managers (EFMs). EFMD appoints and manages a portfolio of external fund managers in core asset classes in the public markets. These are Global Fixed Income, Global Developed Equities, Global Emerging Equities and Emerging Asia Equities. Active Currency and Total Return Overlay Strategies are also included.

The objective is to outperform the standard market indices for each asset class, such as Morgan Stanley Capital International World Index and Lehman Aggregate Bond Index through rigorous selection of EFMs and optimising diversified portfolios of EFMs to meet performance targets, subject to risk limits.

In addition, EFMD supports the development of the fund management industry in Singapore. Initiatives include a developmental fund placement programme and collaboration with industry partners on the Singapore Investment Forum and the Wealth Management Institute.