Issue - meetings

Economic and Market Update

Meeting: 13/06/2018 - Clwyd Pension Fund Committee (Item 11)

11 Economic and Market Update pdf icon PDF 87 KB

To provide Committee Members with an economic and market update

Additional documents:

Decision:

(a)        The Committee noted and discussed the Economic and Market Update 31 March 2018; and

 

(b)        The Committee noted  how the information in the report effectively “sets the scene” for what the Committee should expect to see in the Investment Strategy and Manager Summary report in terms of the performance of the Fund’s assets portfolio.

 

Minutes:

The Chairman passed this item of the agenda over to Mr Harkin who briefly updated the Committee with the following points;

 

·         There has been a significant amount of critical events that have dominated the recent headlines, for example the US base interest rate has increased.

·         The markets are staying ‘risk on’.

·         Nominal UK Government Bonds which had performed well during Q1 are now starting to fall away in terms of return.

·         Sterling had appreciated against both the US Dollar and the Euro over the quarter.

 

RESOLVED:

 

(a)        The Committee noted and discussed the Economic and Market Update 31 March 2018; and

 

(b)        The Committee noted  how the information in the report effectively “sets the scene” for what the Committee should expect to see in the Investment Strategy and Manager Summary report in terms of the performance of the Fund’s assets portfolio.