Decisions of the Investment Commission on September 9, 2024
In accordance with Article 5 and based on Article 9, paragraphs 9.1 and 9.6 of Law No. 04/L-101, amended and supplemented by Law 04/L-115, Law 04/L-168, Law 05/L-116, and Law 07/L-016, as well as in accordance with Article 13, Article 33, and paragraph 1 of Article 41 of the Statute of KPST, and with the Declaration of Investment Principles (DPI), the Investment Commission (IC) of the KPST Board of Directors, on September 9, 2024, made the following decisions:
- To increase the Target weight to 43% in Equity Passive of Standard portfolio. Invest €92 million in the Invesco S&P 500 €H ETF (IE00BRKWGL70), via two tranches: a) €46m immediately; b) €46m after two weeks.
- To increase the Target weight to 30% in Equity Passive of the Intermediate portfolio. Invest €20m in the Invesco S&P 500 €H ETF (IE00BRKWGL70).
- Investment financing should be covered by cash at CBK to the extent possible, and the rest from the money market fund Amundi Euro Liquidity.