Assets Managed by In-house and Third Party Asset Managers for Dynamic, Balanced and Stable Funds under SAVER-Premium Fund

Debated in Parliament on 18 Sep 2023.

Summary written by AI (learn more)

Chua Kheng Wee Louis asked for a breakdown of assets managed in-house versus by third-party managers for the Dynamic, Balanced, and Stable funds under the SAVER-Premium Fund, and for a comparison of their current versus target asset class compositions.
Ng Eng Hen explained that the Board of Trustees entrusts cash and cash equivalents to MINDEF’s in-house SAVER-Premium Fund Department, while equities and bonds are managed by external fund managers.
Ng Eng Hen provided that the current and target asset allocations for the funds are detailed in Table 1 and Table 2 respectively.

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Chua Kheng Wee Louis

Mr Chua Kheng Wee Louis asked the Minister for Defence (a) what is the breakdown of the assets managed (i) directly by in-house investment teams and (ii) third party asset managers for the Dynamic, Balanced and Stable funds respectively under the SAVER-Premium Fund; and (b) what is their current asset class composition compared with their target composition.

Ng Eng Hen

Investments from the SAVER-Premium Fund are guided by its Board of Trustees and appointees, which include professionals from the finance sector. The Board of Trustees has entrusted cash and cash equivalents1 to be managed by the Ministry of Defence (MINDEF)’s in-house SAVER-Premium Fund Department, and for equities and bonds by external fund managers.

The current and target asset allocations are shown in Table 1 and Table 2 below respectively.

Summary written by AI (learn more)

Chua Kheng Wee Louis asked for a breakdown of assets managed in-house versus by third-party managers for the Dynamic, Balanced, and Stable funds under the SAVER-Premium Fund, and for a comparison of their current versus target asset class compositions.
Ng Eng Hen explained that the Board of Trustees entrusts cash and cash equivalents to MINDEF’s in-house SAVER-Premium Fund Department, while equities and bonds are managed by external fund managers.
Ng Eng Hen provided that the current and target asset allocations for the funds are detailed in Table 1 and Table 2 respectively.

Questions identified by AI (learn more)

Assets Managed by In-house and Third Party Asset Managers for Dynamic, Balanced and Stable Funds under SAVER-Premium Fund | PAPERCUTS

Assets Managed by In-house and Third Party Asset Managers for Dynamic, Balanced and Stable Funds under SAVER-Premium Fund

Debated in Parliament on 18 Sep 2023.

Summary written by AI (learn more)

Chua Kheng Wee Louis asked for a breakdown of assets managed in-house versus by third-party managers for the Dynamic, Balanced, and Stable funds under the SAVER-Premium Fund, and for a comparison of their current versus target asset class compositions.
Ng Eng Hen explained that the Board of Trustees entrusts cash and cash equivalents to MINDEF’s in-house SAVER-Premium Fund Department, while equities and bonds are managed by external fund managers.
Ng Eng Hen provided that the current and target asset allocations for the funds are detailed in Table 1 and Table 2 respectively.

Questions identified by AI (learn more)

Full Transcript

Chua Kheng Wee Louis

Ng Eng Hen

The current and target asset allocations are shown in Table 1 and Table 2 below respectively.

Summary written by AI (learn more)

Chua Kheng Wee Louis asked for a breakdown of assets managed in-house versus by third-party managers for the Dynamic, Balanced, and Stable funds under the SAVER-Premium Fund, and for a comparison of their current versus target asset class compositions.
Ng Eng Hen explained that the Board of Trustees entrusts cash and cash equivalents to MINDEF’s in-house SAVER-Premium Fund Department, while equities and bonds are managed by external fund managers.
Ng Eng Hen provided that the current and target asset allocations for the funds are detailed in Table 1 and Table 2 respectively.

Questions identified by AI (learn more)

Assets Managed by In-house and Third Party Asset Managers for Dynamic, Balanced and Stable Funds under SAVER-Premium Fund

Summary

Questions Identified

Full Transcript

Chua Kheng Wee Louis

Ng Eng Hen

Summary

Questions Identified

Assets Managed by In-house and Third Party Asset Managers for Dynamic, Balanced and Stable Funds under SAVER-Premium Fund

Summary

Questions Identified

Full Transcript

Chua Kheng Wee Louis

Ng Eng Hen

Summary

Questions Identified