Decision details

That actual Treasury Management performance in the quarter ended 30^th June 2015 be noted and Council be recommended to approve an increase in the total investment limit for pooled investment vehicles from £25m to £40m.

Counterparty credit rating downgrades in recent years have resulted in increasing difficulty in identifying institutions to place money with. In September 2013, the inclusion of collective (pooled) investment schemes as eligible investment vehicles in the Council’s Investment Strategy was approved. Since then, pooled investment schemes have performed well, earning considerably higher rates of return than other forms of investment currently available. It is therefore proposed to raise the total limit for these investments from £25m to £40m.