The Government of the Republic of Nauru

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Trust fund outperforms in a peer comparison

President David WR Adeang attended the official Committee meeting of the Intergenerational Trust Fund for the people of the Republic of Nauru (the Fund) in Canberra, 23 May.

 

His Excellency was instrumental in the establishment of the Fund in November 2015 with the main objective to generate future investment earnings that will provide a source of revenue to the Republic of Nauru post 2033.

 

Trust -fund

 

The Fund's earnings will allow the Government of Nauru to provide future investments in education, health, environment and infrastructure for the people of Nauru.

At the end of the March quarter the Fund was valued at $348m and as reported at the meeting, was 0.4 per cent above the set target.

 

The Fund's Investment Advisor, Mercer, also provided a peer comparison showing the Fund outperforming similar growth funds over a five to seven year investment period with a return gross of fees of 10.1 per cent and 9.4 per cent, respectively.

 

With ongoing contributions and continued growth of the Fund, the Fund is on target to meet the future needs of the Government of Nauru and its people.
ENDS///