09-07-2014, 09:39 AM
Cityfarmer
One other thing that I like to highlight is I believe that the total yield of Govt funds is NOT the weighted average of GIC and Temasek's returns. The Govt also keeps idle cash in its balance sheet that actually drags down overall yield. So far Govt has been too shy to disclose this number or nobody ever asks.... I suspect this figure, i.e. net return on Govt funds, is probably within 3-5%.....
One other thing that I like to highlight is I believe that the total yield of Govt funds is NOT the weighted average of GIC and Temasek's returns. The Govt also keeps idle cash in its balance sheet that actually drags down overall yield. So far Govt has been too shy to disclose this number or nobody ever asks.... I suspect this figure, i.e. net return on Govt funds, is probably within 3-5%.....