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

4 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.