Issue - meetings

Economic and Market Update

Meeting: 20/09/2017 - Clwyd Pension Fund Committee (Item 85)

To provide Committee members with an economic and market update

Additional documents:

Enc. 1 for Economic and Market Update, item 85 PDF 590 KB

Decision:

1. The Committee noted the Economic and Market Update.

2. The Committee noted how the information in the report effectively “set the scene” for what the Committee should expect to see in the Investment Strategy and Manager Summary report.

Minutes:

Mr Kershaw (Fund Investment Consultant – JLT Group) gave an update on the economic and market update for the quarter to 30 June 2017. He explained that most of the equity markets had produced good returns although US equities had struggled as had Hedge Funds and Commodities.

RESOLVED:

1. The Committee noted the Economic and Market Update.

2. The Committee noted how the information in the report effectively “set the scene” for what the Committee should expect to see in the Investment Strategy and Manager Summary report.