The NMI Retirement Fund\u2019s investments went up again in November, registering a 4.2-percent growth compared with the previous month.<\/p>\n
Data obtained from the Fund shows that its investments grew to $382.9 million in November from $366.3 million in October.<\/p>\n
Fund administrator Karl T. Reyes said the growth was due to good showing in the energy sector as prices of oil continue to increase worldwide.<\/p>\n
\u201cWe\u2019ve got bonds and stocks in this sector [energy] and the prices of oil continue to go up,\u201d said Reyes.<\/p>\n
Meanwhile, he said that investments in general posted growth every month during the year except in July and February.<\/p>\n
\u201cThese were the months when investments went down. All other months, except for December of course, we saw growth,\u201d said Reyes.<\/p>\n
Data showed that Fund investments rose by $21 million or about 6 percent in October 2004 compared with September. Merril Lynch records showed that investments as of Oct. 31 this year totaled $366.3 million, from September\u2019s $345 million.<\/p>\n
Reyes earlier said that the October growth may be attributed to recent changes in the composition of money managers and equity sharing strategies.<\/p>\n
In October, he said, the Fund began to put money under Treasury Inflation-Protected Securities or TIPs, a special type of bond considered the safest type of investment in the world. <\/p>\n
The Fund placed $20.5 million worth of investments in TIPS, representing 6 percent of its total investments. The agency intends to increase its TIPS investment to 10 percent of its total investment.<\/p>\n","protected":false},"excerpt":{"rendered":"
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