The NMI Retirement Fund\u2019s total stock market investments are valued at $446.8 million as of March 31 this year\u2014a nearly $5-million growth in three months.<\/p>\n
This is about a 13-percent increase compared with the same period last year.<\/p>\n
Fund administrator Karl T. Reyes said that, from $442 million in January this year, the value rose to $446.8 million by the end of the first quarter of 2006.<\/p>\n
Investments value reported during the first quarter of 2005 was at the $394 million level.<\/p>\n
\u201cWe\u2019re seeing growth in our investments. We\u2019re certainly happy about it,\u201d said Reyes.<\/p>\n
He said the good performance is due to diversified asset allocation and \u201ceffective strategies\u201d employed by its money managers.<\/p>\n
The Fund has 11 money managers including Atalanta, Sabre, S&P 500 Idex Fund, Stratem, Renaissance, Nicholas-Applegate, Gabelli, EAFE ETF, Templeton, Provident, and IRM. They regularly report to Merrill Lynch, the Fund\u2019s chief investment consultant.<\/p>\n
Among the managers with the largest funds are Atalanta, which manages $75 million, representing 17 percent of the assets; Templeton, with $63 million; and Renaissance, with $59 million.<\/p>\n
Gabelli, which has representatives currently on island, manages over $30 million. <\/p>\n
The Fund\u2019s large capital equities represent 50 percent of its investment, while small cap represents 13 percent. International equities and fixed income represent 13 percent each.<\/p>\n
TIPS or Treasury Inflation-Protected Securities reflects 5 percent of the total investment while cash asset is 4 percent. <\/p>\n","protected":false},"excerpt":{"rendered":"
The NMI Retirement Fund\u2019s total stock market investments are valued at $446.8 million as of March 31 this year\u2014a nearly $5-million growth in three months.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-100158","post","type-post","status-publish","format-standard","hentry","category-local-news"],"_links":{"self":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/100158","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/comments?post=100158"}],"version-history":[{"count":0,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/100158\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/media?parent=100158"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/categories?post=100158"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/tags?post=100158"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}