For GIC, taking the long view is fundamental. We ensure that long-termism permeates our practices, breaking the necessary discipline down into five areas: investment philosophy, governance framework, investment mandate, organizational practices, and communication.
GIC’S GUIDE TO
Long-termism is key to GIC’s investing approach to achieve our
mission of a good return above global inﬂation over the long term.
HERE’S HOW WE GET THERE:
We keep all stakeholders
apprised of any issues and
challenges. Nomenclature is
destiny; how and what we say
is key in bringing out the right
behaviours in our people.
Long-termism is who we are, from
top to bottom. We develop our
people, measure performance over
multiple time periods at the total
portfolio level, and differentiate
process from outcome.
GIC is a long-term value investor.
We seek to compound fundamental
value and source opportunities in price
value divergence. We strive to assess
value well and maintain price discipline,
even in the face of market fluctuations.
Our stakeholders trust our leadership.
The strength of our governance rests
on having clear approval authority,
regular reporting and separation
of conflicting roles.
GIC’s sole mission is to preserve
and enhance the international
purchasing power of Singapore’s
ﬁnancial reserves under our
management. Our main
investment metric is the rolling
20-year real rate of return.
Putting these principles into practice requires constant
vigilance and discipline. The entire ecosystem needs to
share the same long-term orientation.