Agenda item

Portfolio Review

Meeting of The Committee of Aldermen to Administer the Sir William Coxen Trust Fund, Tuesday, 4th December, 2012 10.45 am (Item 5.)

To consider a report of the Chamberlain relative to a review of the investment portfolio (copy attached).

Minutes:

A report of the Chamberlain which explained how the Financial Investment Board had decided to allocate 85% of the investments to the Artemis Income Fund with the remaining 15% to be allocated to the Artemis High Income Fund was received. The total returns achieved out-performed considerably compared to the benchmarks.

RECEIVED