The latest Heritage and Stabilisation Fund (HSF) Quarterly Investment Report for the period of July to September 2024 has been released by the Ministry of Finance, revealing some significant updates and milestones. Let’s delve into the details of this report and explore the key highlights that shape the current state of the Fund:
- The HSF’s net asset value has reached a remarkable US$6,087.9 million, marking the highest point since 2019. This demonstrates steady growth and robust performance over the past few years.
- The Investment Portfolio accounts for the majority of this value, standing at US$6,086.1 million, while the remaining portion is allocated to operating cash accounts for daily expenses related to Fund management.
- In the third quarter of 2024, the HSF achieved a return of 5.74%, with equity mandates contributing 3.47 percentage points and fixed income mandates adding 2.19 percentage points to this growth.
- Surpassing its strategic asset allocation (SAA) benchmark by 30 basis points, the Fund’s strong performance can be attributed to its asset allocation positioning, particularly its emphasis on equity exposure and reduced allocation to fixed income assets.
- The HSF’s Investment Portfolio surpassed its benchmark, with a return of 5.74% compared to the benchmark’s 5.44%. The positive performance was boosted by gains in US fixed income and developed equity markets due to a favorable interest rate environment.
- To access the full report, visit https://www.finance.gov.tt/wp-content/uploads/2025/01/HSF-Quarterly-Investment-Report-July-September-2024.pdf
The Ministry of Finance’s latest report on the Heritage and Stabilisation Fund showcases strong growth and performance, highlighting the Fund’s strategic asset allocation and positioning that have led to impressive returns. As we move forward, it is essential to continue monitoring and managing the Fund effectively to ensure sustained growth and stability in the long run.
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