This Investment Report on the Heritage and Stabilisation Fund (HSF) covers the second
quarter of the 2009 financial year, January – March, 2009. The report is organised in three
sections. Section I deals with the international economic environment. Section II focuses on the performance of those markets in which the HSF assets are invested, and Section III provides details of the portfolio.

Documents

Heritage and Stabilization Fund Quarterly Investment Report: Jan- March 2009 (PDF)