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Report Highlights
Across the global economy, constraints are tightening while outcomes are widening.
Geopolitical risks are becoming structural, artificial intelligence (AI) is driving greater dispersion and disruption, and energy systems are under strain from the competing demands of AI, energy security, and the climate transition.
Our response is to prepare, not predict, guided by diversification, granularity, and agility. Through it all, our purpose endures: to preserve and enhance Singapore's reserves over the long term.
Annualised Rolling 20-Year Real Rate of Return of the GIC Portfolio Since 2001
For the 20-year period that ended on 31 March 2026, the annualised US$ nominal return of the GIC Portfolio was XX%. This means that the portfolio earned the global inflation rate plus XX% per year over this period. In other words, we added XX% annually to the international purchasing power of the reserves we manage over the last two decades.
Building an AI-Native GIC
We are moving from being AI-enabled to AI-native – not only adopting AI tools but reimagining our operating models by embedding AI from the onset. This will strengthen how we learn, operate, and invest.
At the centre of this is our newly launched enterprise AI platform, which integrates leading AI models with GIC’s proprietary intelligence and institutional knowledge to deliver faster, sharper insights.
Investing in an Evolving Sustainability Landscape
Progress in sustainability will not be linear as shifts in policy, energy security, and technology reshape the investment landscape. At the same time, the physical realities of climate change are accelerating.
For GIC, this emphasises three priorities:
Investing in the energy transition.
Seeking out adaptation and resilience opportunities.
Proactively managing physical risks.
Beyond the Hype: Investing in AI Value
AI’s economic impact is becoming clearer but the landscape is complex, with challenges related to rapid model innovation, capital intensity of AI infrastructure, and uneven adoption across industries.
We use two frameworks to find lasting value:
Where to Look
Enablers, monetisers, and adopters.
What to Look For
Strong moat, management, and momentum.
What enables GIC to invest well in this space is our broad platform and deep engagement with the global technology ecosystem.
Our People and Communities
Our people perform at their best when they can bring their authentic selves to work. We enable this by equipping them with the tools and resources they need and by creating opportunities to contribute to communities where we live and work.
This year, we introduced new programmes and initiatives including Nadia, our AI-enabled coach, and four new partnerships in Singapore to address key needs in the community.