Debated in Parliament on 18 Sep 2023.
Mr Chua Kheng Wee Louis asked the Minister for Home Affairs (a) what is the breakdown of assets managed (i) directly by in-house investment teams and (ii) third party asset managers, for the Dynamic, Balanced, Stable and Lifecycle funds respectively under the Home Affairs Uniformed Services INVEST Fund; and (b) what is their current asset-class composition compared with their target composition.
The investments of the Dynamic, Balanced, Stable and Lifecycle Funds are fully managed by external fund managers under our Outsourced Chief Investment Officer model.
The current asset-class composition and their reference portfolio are shown in the tables below.