197 TREASURY MANAGEMENT - Q1 PERFORMANCE 2015/16 AND INVESTMENT STRATEGY REVIEW PDF 223 KB
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Report FSD15049
The Committee received a report summarising treasury management activity during the first quarter of 2015/16 and recommending changes to the Council’s Treasury Management Investment Strategy. The report also included an update on the Council’s investment with Heritable Bank.
The Committee noted that the Council’s two investments in diversified growth funds had performed very well in the quarter to 31st March 2015, but had since lost value. Councillor David Livett questioned whether a wider range of investments could be used such as lowering the minimum credit rating to include BBB rated investments. Officers confirmed that this could be reviewed as part of the annual investment strategy.
RESOLVED that the Resources Portfolio Holder be recommended to note the actual Treasury Management performance in the quarter ended 30th June 2015 and recommend to Council an increase in the total investment limit for pooled investment vehicles from £25m to £40m.
(Councillor David Livett recorded his contrary vote against investing in diversified growth funds.)