When Jason Meighoo was a child he was fearful of a particular character that used to pass in front of his family's Coffee Street, San Fernando home during Carnival time.
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HSF now US $5.7B
The total net asset value of the Heritage and Stabilisation Fund (HSF) as at the end of September 2017 stands at US $5,762.5 million compared with US $5,619.3 million at the end of the previous quarter.
In its Quarterly Investment Report for July to September 2017 released by the Ministry of Finance on Wednesday, the investment portfolio was valued at US $5,762.3 million, while the remaining portion valued at approximately US $0.2 million, was held in cash to meet the day-to-day expenses that arise from the management of the Fund.
The HSF investment portfolio generated a return of 2.61 per cent during the third quarter of 2017, outperforming its SAA benchmark which gained 2.06 per cent.
The report said: “Approximately 84 per cent of the Composite Portfolio’s return was attributed to the performance of the equity mandates which contributed approximately 2.18 per cent of the total return while the fixed income portfolios added the remaining 0.43 per cent.”
The composition of the Fund, which is divided into US Core Domestic Equity, Non-US International Equities, Non-US Core International Equity, US Short Duration Fixed Income and longer duration US Core Domestic Fixed Income showed increases in all respective categories.