GIC will maintain price discipline in its investing decisions, said the sovereign wealth fund's chief investment officer Mr Lim Chow Kiat, at the annual conference of the Investment Management Association of Singapore on Wednesday afternoon.

This is one of the five principles that guide GIC in making its asset allocation decisions.

Although the global market may be volatile, GIC still remains focused on fundamentals when investing the nation's wealth.

The five principles are: pursue intrinsic value and maintain price discipline; practise long-term investing; pick our spot: be focused and leverage our strengths; pay attention to risk control and prepare for the future.

Mr Lim said the principles will help GIC achieve the best long term returns despite the short term uncertainties. He added that GIC has a key advantage over other investors as it has a long-term horizon of between five and 20 years.