Government of Singapore Investment Corporation (GIC)

Search Dictionary

Definition of 'Government of Singapore Investment Corporation (GIC)'

The Government of Singapore Investment Corporation (GIC) is a sovereign wealth fund established in 1981 by the Government of Singapore. GIC's mission is to invest Singapore's foreign reserves prudently and to generate long-term returns to support the government's economic and social objectives.

GIC is one of the world's largest sovereign wealth funds, with assets under management of over \$300 billion. GIC invests in a wide range of assets, including equities, fixed income, real estate, and infrastructure. GIC has a global investment presence, with offices in Singapore, London, New York, Tokyo, and Beijing.

GIC has a long track record of successful investing. Over the past 40 years, GIC has generated an average annual return of 5.5%, after inflation. GIC's investments have helped to support Singapore's economic growth and development.

GIC is a responsible investor. GIC takes a long-term view of investing and seeks to make investments that are sustainable and have a positive impact on society. GIC also actively engages with its investee companies to promote good corporate governance and responsible business practices.

GIC is a valuable asset to Singapore. GIC's investments help to support Singapore's economic and social objectives, and GIC's responsible investing practices help to promote a sustainable future for Singapore and the world.

Here are some additional details about GIC:

* GIC is governed by a board of directors appointed by the Singapore government.
* GIC's CEO is Lim Chow Kiat.
* GIC has over 1,500 employees.
* GIC's headquarters are located in Singapore.
* GIC has offices in London, New York, Tokyo, and Beijing.
* GIC invests in a wide range of assets, including equities, fixed income, real estate, and infrastructure.
* GIC has a long track record of successful investing. Over the past 40 years, GIC has generated an average annual return of 5.5%, after inflation.
* GIC's investments have helped to support Singapore's economic growth and development.
* GIC is a responsible investor. GIC takes a long-term view of investing and seeks to make investments that are sustainable and have a positive impact on society. GIC also actively engages with its investee companies to promote good corporate governance and responsible business practices.
* GIC is a valuable asset to Singapore. GIC's investments help to support Singapore's economic and social objectives, and GIC's responsible investing practices help to promote a sustainable future for Singapore and the world.

Do you have a trading or investing definition for our dictionary? Click the Create Definition link to add your own definition. You will earn 150 bonus reputation points for each definition that is accepted.

Is this definition wrong? Let us know by posting to the forum and we will correct it.