MAS seeks 'good long-term returns' on reserves through balanced asset allocation

Singapore

THE Monetary Authority of Singapore (MAS) seeks to achieve "good long-term returns" on its reserves through a balanced asset allocation, Singapore's top central banker said.

"MAS invests the official foreign reserves in a well-diversified portfolio, probably more diversified than is the case for most central banks," Ravi Menon, managing director of the MAS said in a keynote speech on Wednesday.

He was speaking at the National Asset-Liabilit…