OBJECTIVES OF THE INVESTMENT POLICY
- Serve as the governing document for investment decision-making.
- Achieve investment portfolio diversification to maximize the return and reduce the risk.
- Maintain sufficient short term cash flow for liquidity.
- Minimize interest rate sensitivity.
MONITORING AND REPORTING
- All investments are subject to statutory limitations and the internal segment parameters
- It is the responsibility of local investment department (or personnel) and operational management to ensure they are familiar with, and adhere to, all regulations of law and internal investment rules.
- It is the responsibility of local Investment Department to regularly report on investment activities based on regulations of law and internal investment rules.
- Any breaches of investment policy or investment procedure/regulations or lower level of rules have to be reported to the Investment Committee.
RISK DIVERSIFICATION BY INVESTMENT APPROVAL
- The CEO should approve all the investment made by the company. The CEO may delegate authority for approval to a staff of the company.
INVESTMENT PORFOLIO AND INVESTMENT POLICY REVIEW
- Target asset mixes and allowable tactical ranges are approved by Investment Committee and regularly reviewed. Asset mix rebalancing shall be done as needed.
- The Investment Department has authority to take tactical positions within the range. These positions will be monitored by the manager and will be communicated to Investment Committee and Appointed Actuary via monthly asset allocation report. Significant changes in equity positions will generally be discussed with IC in advance.
- Revise the Investment Policy to reflect any changes should be approved by the Investment Committee.
- Rebalance the Investment Portfolio in line with the Investment Policy.
