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.
Dr 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.
Ministry of Defence
18 September 2023
https://sprs.parl.gov.sg/search/#/sprs3topic?reportid=written-answer-14405
Office of the Leader of the Opposition 