On Friday (23 Jul 2021), the Government of Singapore Investment Corporation (GIC) released its 2020/2021 GIC Report. Source: GIC As global economies recover from the impact of the COVID-19 outbreak, the Singapore sovereign wealth fund reported better performance compared to 2019/2020. For the year ending 31 Mar 2021, GIC reported that its annualised 20-year real return on its portfolio above global inflation was 4.3 per cent. This is higher 1.6 per cent higher than the previous financial year’s annualised 20-year real return of 2.7 per cent. What does this all mean? Let’s dive deeper into the report to find out! TL;DR: Key Takeaways From GIC Singapore’s Performance in 2021 For the year ending 31 Mar 2021, GIC reported that its annualised 20-year real return on its portfolio after adjusting for global inflation and net of costs and fees incurred in the management of the portfolio was 4.3 per cent. Whereas its nominal USD Returns (i.e. Not Adjusted for Global Inflation) are as follows:...