Improving Albertans' Quality of Life
Heritage Fund continues to grow
August 27, 2014
Alberta’s Heritage Savings Trust Fund earned a gross income of $478 million during the first three months of the 2014-15 fiscal year. The Fund, which posted a 2.1 per cent rate of return, was worth $17.5 billion as of June 30, 2014 on a fair value basis. Read the Alberta Heritage Savings Trust Fund 2014-15 First Quarter Update.
Record income for Alberta’s Heritage Fund
June 24, 2014
Alberta’s savings got a boost as the Heritage Fund earned $2.1 billion in 2013-14. Strong equity markets helped push the Heritage Fund to an all-time earnings record. On a percentage basis, the fund posted a 16 per cent return, the third highest since the fund was created in 1976. As of March 31, 2014, the fund was worth $17.5 billion on a fair value basis.
Strong equity markets helped push the Heritage Fund to an all-time earnings record of $2.1 billion in 2013-14. The fund posted a 16 per cent return, the third highest since the fund was created in 1976. As of March 31, 2014, the fund was worth $17.5 billion on a fair value basis. Read the news release and the 2013-14 Heritage Fund Annual Report.
Since 1976, the Fund has contributed $36.5 billion to fund Albertans’ priorities like health care and education.
Putting Alberta’s growing savings to work for our future
March 4, 2014
Bill 1 creates the largest social innovation endowment in Canada, supports agriculture innovation and apprentices, and saves for future strategic opportunities.
The Alberta government is creating two new endowments to provide funding for social and agricultural innovation and enhancing the Alberta Heritage Scholarship Fund to support Alberta’s apprentices. Bill 1 also establishes the Alberta Future Fund, which will provide the government with the financial resources to take full advantage of new opportunities in the future. Read the news release.
See the left-side menu above for more information about the Heritage Fund, or use the quick links below to access highlighted topics.
August 27, 2014: 2014-15 First Quarter Update
June 24, 2014: Record income for Alberta’s Heritage Fund
March 4, 2014: Putting Alberta’s growing savings to work for our future
February 26, 2014: 2013-14 Third Quarter Update