FY22 First Quarter Meeting to Review Trust Fund Performance and Conduct Other Trust Fund Business

WASHINGTON, D.C. (December 21, 2021)– The Trust Fund Committee of the Trust Fund for the People of the Republic of the Marshall Islands (the Fund) conducted its fiscal year 2022 (FY22) first quarter meeting on September 16 (EST) and 17 (Majuro) via videoconference. The meeting covered the Fund’s investment performance for the July-September 2021 quarter and a current market update to December, 2021, including the effect of the COVID-19 pandemic on the Fund as well as the global economy and financial markets. For the July-September 2021 quarter, the Fund lost 1.08%, net of fees, below the benchmark loss of 0.71%. The net asset value of...

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