The Pension Fund soars to new high of USD 50.029 billion
Director of Investment Management Division, Ms.Suzanne Bishopric, reports an all time high Fund market value to Ms. Gina Casar, the Representative of the Secretary General for the investments of the assets of UNJSPF.
The United Nations Joint Staff Pension Fund (UNJSPF) investments, managed by the Investment Management Division, reached an all time high market value of USD 50.029 billion on 17 October 2013 based on the reports from the independent Master Record Keeper.
The USD 50.029 billion market value surpassed the previous all-time high of USD 49.626 billion reached on 19 September 2013. The USD 50.029 billion represents a gain of approximately USD 23.346 billion since the depth of the financial crisis when the balance dipped to USD 26.683 billion on 9 March 2009. This significant progress can be attributed to many initiatives the Fund has taken, including a significant rebalancing towards equities beginning in March 2009. The Investment Management Division has periodically rebalanced the weightings in equities, fixed income, real estate and short term asset classes to maintain the long term objectives of the Fund.
For the year to date ending 30 September 2013, based on preliminary estimates, the Fund earned 9.76 per cent and outperformed its policy benchmark by 130 basis points. Over the past 50 years, the Fund has achieved its target of inflation adjusted return excess of 3.5 per cent by 0.6 per cent points. Updated Fund valuations and more details can be viewed by visiting the IMD website: imd.unjspf.org