Trinidad and To­ba­go’s Her­itage and Sta­bil­i­sa­tion Fund has in­creased by 7.5 per cent for the first six months of the 2023 cal­en­dar year, ac­cord­ing to in­for­ma­tion con­tained in HSF re­ports on the Min­istry of Fi­nance web­site.

At the end of June 2023, the to­tal net as­set val­ue of the HSF was US$5.525 bil­lion; ap­prox­i­mate­ly US$144.9 mil­lion high­er than the pre­vi­ous quar­ter’s clos­ing val­ue of US$5.380 bil­lion.

At the be­gin­ning of Jan­u­ary 2023, the net as­set val­ue of US$5.139 bil­lion.

In the quar­ter from April 1 to June 30, 2023, the HSF re­turned 2.75 per cent with pos­i­tive con­tri­bu­tions from the eq­ui­ty man­dates and the USD fixed de­posit port­fo­lio. The eq­ui­ty man­dates and the USD fixed de­posit port­fo­lio added 2.93 per cent and 0.09 per cent, re­spec­tive­ly. Mean­while, the fixed in­come man­dates de­tract­ed 0.26 per cent, said the quar­ter­ly re­port.

In the Jan­u­ary 1 to March 31, 2023 quar­ter, the HSF re­turned 4.74 per cent, with pos­i­tive con­tri­bu­tions from both the fixed in­come and eq­ui­ty man­dates. The fixed in­come and eq­ui­ty man­dates in­creased by 1.29 per cent and 3.39 per cent, re­spec­tive­ly.

Ac­cord­ing to the HSF’s 2022 an­nu­al re­port, the net as­set val­ue of the Fund de­clined to US$4.709 bil­lion as at Sep­tem­ber 30, 2022 from US$5.459 bil­lion as at Sep­tem­ber 30, 2021.

The neg­a­tive re­turn in 2022 was the sov­er­eign wealth fund’s first an­nu­al net as­set val­ue de­cline since its es­tab­lish­ment in 2007.