Assessment of GIC's Reference Portfolio Strategies and Framework to Evaluate Investment Performance

Mr Ng Shi Xuan asked the Prime Minister and Minister for Finance (a) what is the Governments assessment as to whether GIC's Reference Portfolio remains appropriate in reflecting its long-term risk posture and mandate; and (b) what other metrics does the Government consider when evaluating GIC's investment performance, apart from the primary metric of the rolling 20-year real rate of return.

Mr Jeffrey Siow: This question has been answered in the oral reply to Parliamentary Questions 5 to 11 filed in today's Order Paper.