Improving Albertans' Quality of Life
Heritage Fund 2011-12 Third Quarter Update and 2011-15 Business Plan released
February 9, 2012
As detailed in the Alberta Heritage Savings Trust Fund 2011-12 Third Quarter Update, the Heritage Fund is valued at $15.4 billion as of December 31, 2011, a 4.6 per cent increase over second quarter. This was mainly due to a rebound in global equity markets. The fund has earned $183 million over the first nine months of 2011-12.
The robust third quarter return follows a disappointing second quarter that saw markets plunge due to global economic turmoil and the European debt crisis. In spite of that, the fund’s value is now approximately $0.2 billion higher than at 2010-11 fiscal year-end. Throughout its 35-year history, the Fund has generated approximately $32 billion in investment income that has improved the quality of life in the province.
Also released today is the Alberta Heritage Savings Trust Fund 2011-15 Business Plan, released with Budget 2012.
See the left-side menu above for more information about the Heritage Fund, or use the quick links below to access highlighted topics.
News
February 9, 2012: 2011-12 Third Quarter Update and 2011-15 Business Plan
- Alberta Heritage Savings Trust Fund 2011-12 Third Quarter Update
- Alberta Heritage Savings Trust Fund 2011-15 Business Plan
November 21, 2011: 2011-12 Second Quarter Update
Volatile financial markets and global economic uncertainty dampen Alberta’s fiscal situation (news release)
August 17, 2011: 2011-12 First Quarter Update
Solid planning and increased revenue lead to lower deficit forecast (news release)
