12/1/2026, 11:48:01 am

Singapore changes benchmark for Temasek, GIC returns

Singapore's government will assess state investors GIC and Temasek solely based on their own mandates and risk profiles, not compared to other funds. Minister Jeffrey Siow said the government considers their returns "reasonable" given expectations, with 10-year returns of 5% and 20-year returns of 7% respectively, though both lagged behind certain benchmarks.