Are Singapore's reserves too exposed to public equities?

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As of March 31, its portfolio is split into public equities (49 per cent, with the majority in developed countries), fixed income (22 per cent), properties (26 per cent) and cash (3 per cent).

Fluctuation in the value of our reserves is likely to run into tens of billions, which exceeds the S$4.9 billion unlocked from our reserves to stabilise our economy in 2008/9.

- http://www.todayonline.com/Voices/E...pores-reserves-too-exposed-to-public-equities
 
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