Trust Fund Committee Conducts Fourth Quarter Meeting to Review Trust Fund Performance to August 31st, 2021 and Conduct Other Trust Fund Business

WASHINGTON, D.C. (September 24th, 2021)– The Trust Fund Committee of the Trust Fund for the People of the Federated States of Micronesia (the Fund) conducted its fiscal year 2021 (FY21) fourth quarter meeting on September15th (EST) and 16th (Pohnpei) via videoconference. The meeting covered the Fund’s investment performance for the April-June 2021 quarter as well as a current market update to September 2021, including the effect of the COVID-19 pandemic on the Fund as well as the global economy and financial markets. For the April-June 2021 quarter, the Fund gained 6.02%, below the benchmark of 6.31%. The net asset value of the Fund was $990,129,748,...

Trust Fund Committee Conducts Third Quarter FY21 Meeting to Review Trust Fund Performance and Conduct Other Business

WASHINGTON, D.C. (June 10th, 2021)– The Trust Fund Committee of the Trust Fund for the People of the Federated States of Micronesia (the Fund) conducted its fiscal year 2021 (FY21) third quarter meeting on May 26th (EST) and 27th (Pohnpei) via videoconference. The meeting covered the Fund’s investment performance for the January-March 2021 quarter as well as a current market update to May 2021 especially given the COVID-19 pandemic and the effect on the Fund as well as the global economy and financial markets. For the January-March 2021 quarter, the Fund gained 3.82%, above the benchmark of 3.78%. The net asset value of the Fund...

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