Agenda item
APPROVAL OF STATEMENT OF INVESTMENT PRINCIPLES, REBALANCING AND CASH MANAGEMENT POLICIES
Minutes:
The Investments Manager presented the report and explained that the Statement of Investment Principles was a statutory document which had to be updated whenever there were significant changes to the investment strategy. The revised Statement incorporated the changes agreed at the meeting of 6 March 2013.
Two Members expressed concerns about investment in tobacco and said that they would not be able to support the revised statement because of its incompatibility with the policy on public health agreed by the Council in April. The Investments Manager referred to the discussion that the Committee had had had on investment in tobacco at a previous meeting.
RESOLVED
1. By 7 votes in favour, 1 against and 2 abstentions, to approve the Statement of Investment Principles.
2. Unanimously, to approve the rebalancing policy.
3. Unanimously, to approve the cash management policy.
Supporting documents:
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Item 13 - Revised Investment Policy Statements, item 13.
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Item 13 - Revised Investment Policy Statements - Appendix 1, item 13.
PDF 153 KB
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Item 13 - Revised Investment Policy Statements - Appendix 2, item 13.
PDF 890 KB
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Item 13 - Revised Investment Policy Statements - Appendix 3, item 13.
PDF 172 KB
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Item 13 - Revised Investment Policy Statements - Appendix 4, item 13.
PDF 104 KB
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Item 13 - Revised Investment Policy Statements - Appendix 5, item 13.
PDF 27 KB
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Item 13 - Revised Investment Policy Statements - Appendix 6, item 13.
PDF 74 KB
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Item 13 - Revised Investment Policy Statements - Appendix 7, item 13.
PDF 63 KB
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Item 13 - Revised Investment Policy Statements - Appendix 8, item 13.
PDF 83 KB
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Item 13 - Revised Investment Policy Statements - Appendix 9, item 13.
PDF 43 KB