About Us

Investment Policy

The Foundation’s Investment Policy has gone through many phases to its present mix of:

  1. Jamaican dollar interest bearing investments…………………..…………….39%
  2. Jamaican dollar Stock Market investments……………………………………..39%                   
  3. US Dollar interest bearing investments……………………………………………15%.
  4. Canadian Dollar equity investments………………………………………………….4%

The objective is to raise the F/E component (US$ & C$) to................................20% ASAP at the expense of the J$ interest bearing investments. This is likely to be reviewed upwards since this target is almost attained. The overriding policy is to protect the purchasing power of the Foundation's resources.

The transition to the present mix

Firstly, during the high interest rate era, all funds were invested in high yielding Government Paper.

Secondly, as the economy deteriorated and the Jamaican Dollar continued its trend of steady devaluation, a shift was made to apportion investable funds as follows:

  1. Fixed Income investments............60%
  2. Equity investments.........................40%
  3. Eventually, the equity portion over-took the Fixed Income portion as now applies.

Thirdly, when the devaluation trend intensified, the decision was taken to hasten the transition towards a higher mix of investment in other currencies (20%) as a barrier to further loss in value of the Foundation's assets. This figure remains under review.

Jamaican equity Investments

The investments in Jamaican stocks are in the best three dividend paying companies on the exchange. The Foundation employs the investment strategy of dividend reinvestment. The objective is to use dividends to buy more of the shares of each company. When share price is low (as now applies) the same level of dividend payment buys relatively more shares in each company. When share prices rebound, the higher number of shares translates into more investment value for the Foundation.