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
Membership Document
