Report of the Chamberlain
The Board received a report of the Chamberlain concerning the monthly investment analysis review for July 2020. The Board noted the current investment list, total investment values and average rate of return set out in the report. In response to a request by the Chairman, the Chamberlain clarified the reporting of the rate of return in respect of the Board’s investments in Short Dated Bond Funds, which included both income and capital gains.
RESOLVED – That the report be noted.