The Reservoir · a chart of GIC
Survey 2026 · soundings in disclosure
4 m below the surface

The Catchment

The shape of the portfolio, without its size

GIC publishes the shape of the portfolio while withholding its size, so every figure below is a percentage of an unknown base. That makes the mix real information about strategy and nothing at all about scale. In FY2025/26 the reported equity share rose five points in a single year, the largest shift in the recent record.

Asset mix · 31 March 2026 official

56% Equities: 56%EquitiesFixed: 22%FixedReal: 22%Real
Class20262025
Equities56%51%
Fixed Income22%26%
Real Assets22%23%
Source: GIC Annual Report FY2025/26, Table 2. Percentages only. GIC publishes the shape of the portfolio, never its size — so every slice here is a fraction of an undisclosed base.

Geographic mix · 31 March 2026 official

53% Americas: 53%AmericasEurope: 19%EuropeAsia: 22%AsiaGlobal: 6%Global
RegionShare
Americas53%
Europe, Middle East, and Africa19%
Asia Pacific22%
Global (funds, commodities, supranational debt without geographical detail)6%
Source: same report, Table 3.

What a percentage without a base can say

It can say direction: more equities, fewer bonds, an American centre of gravity. It cannot say a single dollar. Fifty-six per cent of an undisclosed number is an undisclosed number. Anyone quoting “GIC's US$X billion in equities” has multiplied an official percentage by an unofficial guess — and the result inherits the guess's reliability while borrowing the percentage's authority. Soundings is where those guesses are weighed as guesses.