GIC posts 20-year annualised real return of 3.9%, down from 4.6%

[reno77]

Better close down and outsource to Renaissance.. 20% returns yearly.. although I don't know if they can swallow 180 billion

 

[mynickname]

Then why need fund managers ? Why not diversify the risks and put in the Mutual Funds ?

Dude. U do know mutual funds are also run by fund managers right

 

[orhneeorh]

chatgpt says use (1+0.039)^20-(1+0.046)^19 to estimate most recent return

means got 20% loss last year

 

[mynickname]

https://tradethatswing.com/average-historical-stock-market-returns-for-sp-500-5-year-up-to-150-year-averages/#:~:text=The average yearly return of the S&P 500 is 11.47,including dividends) is 7.39%.

The historical average yearly return of the S&P 500 is 10.16% over the last 20 years, as of the end of May 2024. This assumes dividends are reinvested.

Adjusted for inflation, the 20-year average stock market return (including dividends) is 7.41%.

Inflation adjusted by not risk aligned.

 

[orhneeorh]

say got AI potential but neber buy NVDA

 

[wickedpuppy]

Dude. U do know mutual funds are also run by fund managers right

Oh really ? Sheesh ... then I wonder why I paying so little for the Index funds ...

And why I can see how much I have to pay for the management of the fund right in my face before buying...

And what they are holding etc etc...

If I still want to pay them for what they hold and their past performance ... it's my problem...

 

[Prime 13]

That's why SA 4% is not sustainable.

Get ready for SA to be slashed in the near future.

I long ago said many tiems on edmw, cpf ish a financial product that ish not operating under market conditions.
Ends up cpf interest rate in the funny state it ish too low and too high at the saem tiem.
Lolz.

 

[mynickname]

Oh really ? Sheesh ... then I wonder why I paying so little for the Index funds ...

And why I can see how much I have to pay for the management of the fund right in my face before buying...

And what they are holding etc etc...

If I still want to pay them for what they hold and their past performance ... it's my problem...

Lots of angst lol.

1. Pay little doesn't mean no fund manager. Passive strategy regardless. Your point should be why don't we redirect investments to index funds and not why don't we redirect to mutual funds.

There's a story to be said about index returns and beating inflation, but I'm not the sexpert to explain.

2. You're not the direct customer. Your relationship to gic is like your laopeh managing ur trust fund.

 

[sighinguy]

is the stated return net of GIC expenses?

 

[xdivider]

now u know why no more SA shielding.......

 

[OddEye]

This growth rate I think even put in s and p etf can win

 

[OngHuatHuat]

World inflation rate for 2022 was 7.97%, a 4.5% increase from 2021. World inflation rate for 2021 was 3.47%, a 1.53% increase from 2020. World inflation rate for 2020 was 1.94%, a 0.27% decline from 2019. World inflation rate for 2019 was 2.21%, a 0.24% decline from 2018.

Actually the return rate not that bad, if it is adjusted for inflation. Year 2022 global inflation rate was at a whopping 8 %

 

[lifeafter41]

Very lousy performance. Very sure that gic overpaid their staff. Very crusby jobs. Lots of FTs also

FTs……….
A dime many dozens.
Putting in SGreans also can give the same lousy excuses…….
Why still want to use these talents is really a big joker………..

 

[orhneeorh]

chatgpt says use (1+0.039)^20-(1+0.046)^19 to estimate most recent return

means got 20% loss last year

can someone verify what GPT is suggesting??

 

[SuperGreenHorn]

How is this return compared to other SWF and big funds?

They shd be ashamed of themselves, yes the entire senior management and the board.
Go see who are sitting there, have a good laugh

 

[purplewave]

wah, once upon a time close to 6%!

 

[matrix05]

Temasek return down, GIC down. Terrible.

 

[tshace]

Can I compare ours to Norway's SWF?
6.09% and fully transparent!

 

[wickedpuppy]

Lots of angst lol.

1. Pay little doesn't mean no fund manager. Passive strategy regardless. Your point should be why don't we redirect investments to index funds and not why don't we redirect to mutual funds.

There's a story to be said about index returns and beating inflation, but I'm not the sexpert to explain.

2. You're not the direct customer. Your relationship to gic is like your laopeh managing ur trust fund.

Lol ... not angst ... it's called capitalism...

If they are making above market profit then I will demand that they are paid above market fee..

Get it ?

No feelings needed in true capitalism...

If you never study hard and didn't qualify for NUS med then pls don't come here and cry why your friend who did is driving merc with a chiobu wife...

But if that guy driving is from uptron then something is wrong...

Or education doesn't matter at all... then why tell kids if they study hard then they will get good jobs ?

Isn't it a lie then ?

If tax payers have no say in all these then pls state all these upfront so everything is clear ...

 

[noisemaker]

All the highly paid hires in GIC and Temasek are scholars with no real world experience is it?