Report on the Management of the GIC Portfolio for the Year 2015/2016

The report presents the performance of the GIC Portfolio. The Government’s mandate to GIC is to achieve a good long-term returns. The primary metric for evaluating GIC’s investment performance is the rolling 20-year real rate of return. The report also gives GIC’s 10- and 5-year annualised nominal rates of return in USD terms to give a sense of GIC’s intermediate investment performance though the 20-year period remains the right time horizon to assess the performance of the portfolio. The report also covers our investment framework, governance and our people.