* GIC reports lower annualised five-year portfolio return
* Says risks include China SOE reform, U.S. election
* Researcher says GIC has cut China exposure
By Marius Zaharia and Saeed Azhar
GIC also cited risks including China's slowing growth and limited progress in reforming state-owned enterprises (SOEs), as well as anti-globalisation rhetoric in the United States - a member, with Singapore, of the Trans-Pacific Partnership trade deal.
Source: Reuters
http://in.reuters.com/article/gic-results-idINL4N1AC377