GIC Posts Best Gain Since 2015, Warns Lower Returns Are Coming

Bloomberg2021-07-23

Singapore’s sovereign wealth fund posted its biggest gain in several years on the back of an equities rally but expects returns to be “significantly” lower over the next decade due to lofty valuations...

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精彩评论

Ermmmmmm
2021-07-23
Ermmmmmm
Great !
ValuInvestor
2021-07-23
ValuInvestor
Many bonds are earning negative returns and that’s why stocks are at such heady levels. Many assets are being pushed up in value including real estate because there is liquidity chasing yield
- edgetrader:
  Agree
AlexWong
2021-07-23
AlexWong
Simi sai. Wonder which sovereign fund is makingless than Singapore since the bull market for the last year.
- ZEROHERO:
  Malaysia
HappySheep
2021-07-23
HappySheep
Getting lower and lower each year [Facepalm]
- ZEROHERO:
  Temasek report 24.5% increase, equivalent to $75B though
SSVC
2021-07-23
SSVC
Hmm. Appreciate your response and comments Thanks
- Lynnhc:
  Ok
- SSVC:
  [Strong][ShakeHands]
- Titu:
  Ok
- SSVC:
  [Strong][ShakeHands]
- SSVC:
  [Strong][ShakeHands]
HF888
2021-07-23
HF888
Please gove a like

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The five-year nominal return rose to 8.8%, the highest since 2014. The fund doesn’t publish one-year results or its assets under management.\nThe firm, which the Sovereign Wealth Fund Institute estimates runs about $453 billion, is the latest institutional investor to report bumper results thanks to a stimulus-fueled recovery in public and private markets. GIC’s Singaporean peer Temasek Holdings Pte last week reported itsbiggest annual returnsince 2010, while a Kuwaiti sovereign savings fund hada 33% gainover the same period.\n“It’s been a good recovery for almost everything,” Chief Investment Officer Jeffrey Jaensubhakij said in an interview before releasing results Friday, adding that public market gains also buoyed returns for private investments looking to list.\nWhile the U.S. remains the single biggest source of GIC’s assets at 34% -- down from 36% last year -- Asia excluding Japan is a fast-rising category, making up 26% of the mix. 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Jaensubhakij said the firm recognizes that bonds and cash represent “guaranteed low returns” as opposed to the potentially low returns offered by other assets.\n“We are looking to move some asset allocation further out of those assets,” he said, adding that some riskier alternatives are also at higher prices. “So we’re in that unenviable position of trying to decide between two not so good alternatives.”\nChief Executive Officer Lim Chow Kiat said the bond market poses a universal problem for all investors, reflecting a longer-term, low-return theme that GIC has touched on for several years.\n“It’s something that’s very challenging but we try our best to find, in other asset classes, opportunities to augment the overall portfolio return,” he said. “Bonds give the clearest indication of the expected returns because today’s starting bond yield gives you a lot of clues.”\nShort term growth\nOverall, GIC is bullish on the short-term prospects for global markets thanks to the success of vaccines in combating Covid-19 and central banks around the world slashing interest rates and pumping in huge amounts of stimulus - much of which is yet to be spent.\n“Near term, from a growth and corporate earnings perspective, we are quite positive,” said Jaensubhakij. But the uncertainty caused by lumpy vaccine rollouts and new potential variants, rising inflation and higher bond yields are all negative factors. “There is good reason to be cautious about the overall returns environment over the next five years or so.”\nGIC’s solution will be to find niches, such as digital technology to help industries transform, sustainability and even businesses hit by geopolitical strife. GIC is a major investor in startups and data centers, and has teams looking for opportunities across the Chinese stock market, he added. The fund also plans to open an office in Sydney next year to target real estate and other assets in Australia.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":175378518,"gmtCreate":1627010038934,"gmtModify":1633768800136,"author":{"id":"4087557783698070","authorId":"4087557783698070","name":"Ermmmmmm","avatar":"https://static.tigerbbs.com/b89bbeb73fe9212f0b5efc7185ae8a51","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4087557783698070","authorIdStr":"4087557783698070"},"htmlText":"Great !","listText":"Great !","text":"Great !","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/175378518","repostId":1111845769,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":175318342,"gmtCreate":1627006630086,"gmtModify":1633768838180,"author":{"id":"4087361572396550","authorId":"4087361572396550","name":"ValuInvestor","avatar":"https://static.tigerbbs.com/5a962911d3cd0763a9f0cb01392cacd9","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"4087361572396550","authorIdStr":"4087361572396550"},"htmlText":"Many bonds are earning negative returns and&nbsp;that’s why stocks are at such heady levels. &nbsp;Many assets are being pushed up in value including real estate because there is liquidity chasing yield","listText":"Many bonds are earning negative returns and&nbsp;that’s why stocks are at such heady levels. &nbsp;Many assets are being pushed up in value including real estate because there is liquidity chasing yield","text":"Many bonds are earning negative returns and that’s why stocks are at such heady levels. Many assets are being pushed up in value including real estate because there is liquidity chasing yield","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/175318342","repostId":1111845769,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5301334,"gmtCreate":1627009858870,"gmtModify":1635223261118,"authorId":3570751249933438,"author":{"id":3570751249933438,"idStr":"3570751249933438","authorId":3570751249933438,"name":"edgetrader","avatar":"https://static.tigerbbs.com/7d0e920d94a7891f4c6393f3e5510ccc","vip":1,"crmLevel":7,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":175318342,"type":1,"supId":0,"prevId":0,"content":"Agree","text":"Agree","html":"Agree"}],"langContent":"EN"},{"id":175303797,"gmtCreate":1627005170119,"gmtModify":1633768861662,"author":{"id":"3560730969024945","authorId":"3560730969024945","name":"AlexWong","avatar":"https://static.tigerbbs.com/5355aad69cfd852f084e4c841a5fb0b0","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"3560730969024945","authorIdStr":"3560730969024945"},"htmlText":"Simi sai. &nbsp;Wonder which sovereign fund is makingless than Singapore since the bull market for the last year.&nbsp;","listText":"Simi sai. &nbsp;Wonder which sovereign fund is makingless than Singapore since the bull market for the last year.&nbsp;","text":"Simi sai. Wonder which sovereign fund is makingless than Singapore since the bull market for the last year.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/175303797","repostId":1111845769,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5300918,"gmtCreate":1627006743412,"gmtModify":1635223291615,"authorId":3566532164444643,"author":{"id":3566532164444643,"idStr":"3566532164444643","authorId":3566532164444643,"name":"ZEROHERO","avatar":"https://static.tigerbbs.com/62813b6df1c4722e559d112fadd5486a","vip":2,"crmLevel":8,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":175303797,"type":1,"supId":0,"prevId":0,"content":"Malaysia","text":"Malaysia","html":"Malaysia"}],"langContent":"EN"},{"id":175309752,"gmtCreate":1627005129876,"gmtModify":1633768862348,"author":{"id":"3581932792448241","authorId":"3581932792448241","name":"HappySheep","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3581932792448241","authorIdStr":"3581932792448241"},"htmlText":"Getting lower and lower each year [Facepalm]&nbsp;","listText":"Getting lower and lower each year [Facepalm]&nbsp;","text":"Getting lower and lower each year [Facepalm]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/175309752","repostId":1111845769,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5300965,"gmtCreate":1627006999545,"gmtModify":1635223287932,"authorId":3566532164444643,"author":{"id":3566532164444643,"idStr":"3566532164444643","authorId":3566532164444643,"name":"ZEROHERO","avatar":"https://static.tigerbbs.com/62813b6df1c4722e559d112fadd5486a","vip":2,"crmLevel":8,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":175309752,"type":1,"supId":0,"prevId":0,"content":"Temasek report 24.5% increase,  equivalent to $75B though","text":"Temasek report 24.5% increase,  equivalent to $75B though","html":"Temasek report 24.5% increase,  equivalent to $75B though"}],"langContent":"EN"},{"id":175949671,"gmtCreate":1627004153493,"gmtModify":1633768877431,"author":{"id":"3574906731000207","authorId":"3574906731000207","name":"SSVC","avatar":"https://static.tigerbbs.com/545a5ea462ff4ac7cc100bd3d8d97f72","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3574906731000207","authorIdStr":"3574906731000207"},"htmlText":"Hmm. Appreciate your response and comments Thanks&nbsp;","listText":"Hmm. Appreciate your response and comments Thanks&nbsp;","text":"Hmm. Appreciate your response and comments Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/175949671","repostId":1111845769,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5300441,"gmtCreate":1627004242688,"gmtModify":1635223331366,"authorId":3569475560240278,"author":{"id":3569475560240278,"idStr":"3569475560240278","authorId":3569475560240278,"name":"Lynnhc","avatar":"https://static.tigerbbs.com/e6dc43cb9687c77705c0430f8c92b608","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":175949671,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"},{"id":5300471,"gmtCreate":1627004385627,"gmtModify":1635223328536,"authorId":3574906731000207,"author":{"id":3574906731000207,"idStr":"3574906731000207","authorId":3574906731000207,"name":"SSVC","avatar":"https://static.tigerbbs.com/545a5ea462ff4ac7cc100bd3d8d97f72","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":175949671,"type":1,"supId":5300441,"prevId":0,"content":"[Strong][ShakeHands]","text":"[Strong][ShakeHands]","html":"[Strong][ShakeHands]"},{"id":5300584,"gmtCreate":1627004977944,"gmtModify":1635223319015,"authorId":3558865529132556,"author":{"id":3558865529132556,"idStr":"3558865529132556","authorId":3558865529132556,"name":"Titu","avatar":"https://static.tigerbbs.com/9f0b0e640551e4ad766c10135d80d562","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":175949671,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"},{"id":5312974,"gmtCreate":1627088083890,"gmtModify":1635222655787,"authorId":3574906731000207,"author":{"id":3574906731000207,"idStr":"3574906731000207","authorId":3574906731000207,"name":"SSVC","avatar":"https://static.tigerbbs.com/545a5ea462ff4ac7cc100bd3d8d97f72","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":175949671,"type":1,"supId":5300441,"prevId":0,"content":"[Strong][ShakeHands]","text":"[Strong][ShakeHands]","html":"[Strong][ShakeHands]"},{"id":5312979,"gmtCreate":1627088092688,"gmtModify":1635222655240,"authorId":3574906731000207,"author":{"id":3574906731000207,"idStr":"3574906731000207","authorId":3574906731000207,"name":"SSVC","avatar":"https://static.tigerbbs.com/545a5ea462ff4ac7cc100bd3d8d97f72","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":175949671,"type":1,"supId":5300584,"prevId":0,"content":"[Strong][ShakeHands]","text":"[Strong][ShakeHands]","html":"[Strong][ShakeHands]"}],"langContent":"EN"},{"id":175950864,"gmtCreate":1627003582958,"gmtModify":1633768885494,"author":{"id":"4089517082623800","authorId":"4089517082623800","name":"HF888","avatar":"https://static.tigerbbs.com/1749b55c949db7eda3ccd1b0aede1e05","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4089517082623800","authorIdStr":"4089517082623800"},"htmlText":"Please gove a like&nbsp;","listText":"Please gove a like&nbsp;","text":"Please gove a like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/175950864","repostId":1111845769,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":125,"commentSize":13,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1111845769"}