GIC Annual Report 2020/21 Downloads




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  1. 1

    The global equity markets fell by over 20% in 1Q 2020, its worst quarterly performance since the Global Financial Crisis (GFC). Source: MSCI World Index.

  2. 3

    The NIRC comprises up to 50% of the net investment return from the reserves under management by GIC, Monetary Authority of Singapore and Temasek, and up to 50% of the net investment income derived from past reserves from the remaining assets. It is the single largest revenue source for the Government.

  3. 4

    It is estimated that 40% of global consumption will take place in Asia by 2040.
    Source: Asia's Future Is Now Report, McKinsey (July 2019)