About economic services

The Grenada Intergenerational Trust Fund was established in 2015 to contribute to the long-term budgetary self-reliance of the Republic of Grenada.  The Minister for Finance is the Chairman of the management committee.

The Fund continues to grow through investment earnings and contributions from the Government of Grenada, Australia, Taiwan, New Zealand and initially the Asian Development Bank.   As of 30 June 2020, the value of the fund was $140 million, an increase of $28 million over the year.

The 2020 financial year will be remembered as one of the more extreme with regard to market volatility.  Nevertheless, the Fund achieved a positive return of 1.7 per cent over the past 12 months and remained ahead of its return objective since inception.  Since inception, the Fund’s performance as of 30 June 2020 was 7.2 per cent, against a target of 5.8 per cent (CPI + 4.5 per cent).

The Fund has a long term investment horizon that allows for a high exposure to growth assets to generate strong real investment returns.  This is reflected in its investment strategy that aims for a 85 per cent allocation to growth assets, and 15 per cent defensive.

The Fund continues to meet its objectives to:

  • Achieve a return of inflation + 4.5% over rolling 10-year periods.
  • Have a risk of negative returns of no more than 4 years in every 20 years.

Current Chairman’s Report

 Chairman’s Report 2020-21

Previous Chairman’s Reports

 Chairman’s Report 2019-20
 Chairman’s report
 Background

 Registration
 IOPI Act – Explanation Statement
 MOU – Government of Australia
 MOA for Government of New Zealand

 Investment Policy
 Mercer growth Fund PDF

 2020-21
 2019-20
 2018-19
 2017-18
 2016-17
 2015-16

 November 2021
 August 2021
 May 2021
 February 2021

2020
 Feb 13, 2020
 May 20, 2020
 August 2020
 November 2020

2019
 Feb 13, 2019
 May 28, 2019
 Aug 19, 2019
 Nov 26, 2019

2018
 Feb 27, 2018
 May 22, 2018
 Aug 23, 2018
 Nov 27, 2018
 Dec 03, 2018

2017
 Feb 6, 2017
 May 23, 2017
 Aug 25, 2017
 Dec 6, 2017

2016
 Feb 18, 2016
 June 6, 2016