APS has formulated a strategic investment policy that reckons with our pension liabilities. This means that we mainly invest for the long run. After all, pension spans many years.
Committee advises the board
The board drafts an investment plan each year. The board is advised by an investment committee in determining the investment policy and checking the asset managers that invest our pension capital. The Minister of Finance appoints and dismisses the members of this committee at the advice of the board. The minister also consults the Central Bank of Curacao and Sint Maarten, which supervises APS.
60% of the assets invested in the domestic market
We have a domestic (Sint Maarten and Curacao) and an international investment portfolio. We are legally obliged to invest 60% of our capital (approximately Afl. 750 million) in the domestic market. We are allowed to invest the other 40% in the international markets. The United States is our main international market.
The composition of our investment portfolio is roughly as follows:
|Fixed-interest securities, loans, term deposits||45,4%|
|Fixed-interest securities, money market funds||16%|