GIC to eye more 'granular' investment opportunities

It says broad market returns have been helpful historically, but current economic climate is nudging it towards 'micro investments' arising from tech transformation, sustainability

Published Fri, Jul 23, 2021 · 05:50 AM

GIC

Singapore

PANDEMIC uncertainty, lofty asset valuations and inflation fears have prompted GIC to wean itself off its reliance on broad market returns. It will instead pursue compelling, recurring opportunities in areas of technological transformation and sustainability - which it will do through partnerships and its investment capabilities in the private market space.

This change comes as the sovereign wealth fund marks its 40th anniversary, with the upcoming decade set to be a period of "regeneration". Its chief executive officer Lim Chow Kiat told reporters at a briefing that this will be a time to pivot for the future and build on capabilities to deal with fresh challenges.