18. The SWF’s investment policy should be clear and consistent with its defined objectives, risk tolerance, and investment strategy, as set by the owner or the governing body(ies), and be based on sound portfolio management principles.
18.1. The investment policy should guide the SWF’s financial risk exposures and the possible use of leverage.
18.2. The investment policy should address the extent to which internal and/or external investment managers are used, the range of their activities and authority, and the process by which they are selected and their performance monitored.
18.3. A description of the investment policy of the SWF should be publicly disclosed.
SGRF has an Investment Directives that governs SGRF high-level investment activities and or operations.
We a guide to risk exposure is included in SGRF's investment guidelines and investment processes.
The use of internal and external management and the selection of managers is defined by the SGRF investment strategy.
A brief, high-level investment policy is included in SGRF website.