GIC compound annual growth rate averaged 9.5 percent in US dollar terms, and 8.2 percent in Singapore dollar terms.
The average rate of return over global inflation was 5.3 percent per annum.----11 July 2006 2222 hrs
MM Lee clarifies GIC's earnings not linked to CPF interest rates
By May Wong, Channel NewsAsia
Over 25 years, GIC has grown to an outfit that invests in over 40 countries through nine asset classes, handling over a(US) hundred billion dollars.
2.Take 8.2 percent as exapmple and use rule of 72,it will take 9 years to
double the assets.The original of $1 invested 25 yrs ago become $6.60 today.
3.i am not finance man.If u air ur opinion,pl compare the performance
with other investments.Dunt say empty critizisms.
An 22 years old hdb cost 4 times of its orginal value.
4.MM Lee once said the pay of dealer in GIC is higher than his pay.