Market Insider

Singapore's GIC sovereign fund expects low US stock returns

Lim Chow Kiat, group chief investment officer at GIC Pte Ltd.
Patti Domm | CNBC

GIC expects below-average returns from U.S. stocks over the next five to 10 years, but the Singapore sovereign wealth fund still sees the U.S. as an important source of investment opportunities.

"The greatest strength of the U.S. is the private sector. If that continues to be the case, we are not concerned," said Lim Chow Kiat, GIC Private Ltd's chief investment officer.

"We find a lot of investment opportunities in the U.S.," he said. "A lot of exciting things are coming out of the private sector on a daily basis."