The GIC Portfolio achieved an annualised USD nominal rate of return of 5.6% over the 20-year period that ended on 31 March 2026. Adjusting for global inflation, GIC's annualised real rate of return over the same period was 3.4%.
Over the past decade, recurring forces across geopolitics, inflation and interest rates, climate, and technology have structurally reshaped the investment environment. In line with its mandate, GIC prioritised portfolio resilience through diversification. This moderated returns in stronger markets while providing greater protection against the downside and more flexibility to act on good opportunities as they emerge.
One key investment focus area is artificial intelligence (AI). In this year’s feature article, “Beyond the Hype: Investing in Artificial Intelligence Value”, GIC explains how it identifies lasting value in AI. It introduces two frameworks that guide GIC in where to look across the AI value chain and what to look for in individual companies.
To navigate a fundamentally changed world, GIC is refreshing its investment framework from 2026. In the new framework, the Strategic Portfolio (SP) represents the Client’s risk appetite and long-term return expectations. The GIC Portfolio will aim to outperform the SP over the long term within approved risk parameters through active investing.
Read the report here.
