An honorable member of the Coffee Shop Has Just Posted the Following:
Hard to give more than that when GIC (which is funded from CPF money) is only earning a real rate of return of 4%. Not sure if that is before or after overhead and admin expenses and salaries and bonus. From the GIC website:
What are the returns of the GIC Portfolio?
In its annual report for 2012/2013, GIC reported 5, 10 and 20-year annualised nominal returns in USD terms of 2.6%, 8.8% and 6.5% respectively. It also reported a 20-year real rate of return of 4.0%. The rolling 20-year real rate of return is the primary metric for the Government to evaluate GIC’s investment performance.
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17-06-2014, 06:50 PM
The reason Why CPF only gives 2.5% return
