Includes asset allocation polices, investment principles and guidelines
Ongoing uncertainty with respect to the many political and economic events that occurred throughout 2016 was a prevailing theme that impacted capital markets.
Looking ahead, many of the same challenges that have prevailed over the last number of years are expected to continue influencing investment returns. Global economic growth is likely to be tempered; however, monetary policy around the world remains accommodating. An increased focus on fiscal stimulus is gaining more acceptance as a means to improve growth prospects. With respect to Canada, the Canadian dollar and the price of oil appear to have stabilized.
For a more detailed review, refer to the 2016 Investment Committee Annual Report.
City of Edmonton Investment Performance for 2016
Performance of the City of Edmonton investment funds ranged from 0.8% (Money Market Fund) to 8.1% (Ed Tel Endowment Fund), depending on each fund's asset mix.