Returns generated by GIC, Temasek ‘reasonable and within expectations’: Jeffrey Siow

Returns generated by GIC, Temasek ‘reasonable and within expectations’: Jeffrey Siow

January 12, 2026 / Nathan Pine /


[SINGAPORE] The returns generated by Singapore’s sovereign wealth fund GIC and state-owned investment company Temasek are “reasonable and within expectations” given their mandates and their risk profiles, said Jeffrey Siow, senior minister of state for finance.

Siow in Parliament on Monday (Jan 12) noted that GIC has achieved a real return of 3.8 per cent per annum over the past 20 years, while Temasek has reported a total shareholder return of 8 per cent per annum in US dollar terms over the last 20-year period.

“We will continue to review their mandates and performance regularly in line with changes in the global economic investment landscape,” he added.

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Nathan Pine

I focus on highlighting the latest in business and entrepreneurship. I enjoy bringing fresh perspectives to the table and sharing stories that inspire growth and innovation.

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