The GIC Portfolio achieved an annualised USD nominal rate of return of 5.7% over the 20-year period that ended 31 March 2025. Adjusting for global inflation, GIC’s annualised real rate of return over the same period was 3.8%.
Investors today are facing unprecedented uncertainty, with intensified cyclical, structural, and foundational shifts. GIC’s response is to remain focused on building portfolio resilience. This means concentrating on long-term value and protecting against permanent impairment. GIC will continue to diversify across asset classes, geographies, sectors, and time so that the GIC Portfolio can deliver good real long-term returns across a wide range of scenarios. At the same time, GIC must continue to deploy with granularity and act with agility.
Following the establishment of GIC’s AI Council in 2023, GIC is also further building its AI capabilities to enhance investment decision-making and operational efficiency. These efforts are guided by a three-pronged approach to drive efficiency, foster innovation, and develop advanced agentic capabilities. For example, GIC is now using its high-quality and diverse data to develop protypes of tools to facilitate robust discussions and informed decision-making. This includes a virtual investment committee member, which taps on GIC’s institutional knowledge to generate probing questions, challenge assumptions, and surface contrarian insights in real time.
Read the report here.
