Sovereign wealth fund GIC moves additional assets to emerging markets

( – Singapore sovereign wealth fund GIC has shifted more assets to emerging markets amid uncertainly over the recovery of the US and European economies, its annual report said Tuesday. The Government of Singapore Investment Corporation (GIC) disclosed the shift as it reported a steady 7.2 percent rate of return on investments in the year to March, from 7.1 percent a year ago, on a nominal 20-year annualized basis.

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