GLOBAL SHARE MARKETS

In reply to the Hon. D.G.E. HOOD (28 September 2011) (First Session).

The Hon. G.E. GAGO (Minister for Agriculture, Food and Fisheries, Minister for Forests, Minister for Regional Development, Minister for Tourism, Minister for the Status of Women): The Treasurer has advised:

1. Funds invested with Funds SA had a 20 per cent exposure to international shares and a 23 per cent exposure to Australian shares as at 30 November 2011.

Funds SA has reduced its allocations to shares, with funds directed to other asset classes with lower volatility.

2. Funds SA will continue to monitor events and make changes as required.