Assets Managed by In-house and Third Party Asset Managers for Dynamic, Balanced, Stable and Lifecycle Funds under Home Affairs Uniformed Services INVEST Fund

6 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.

Mr K Shanmugam: 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.