Page 147 - NIB Annual Report 12-13 | 13-14

TURKS AND CAICOS ISLANDS NATIONAL INSURANCE BOARD
Notes to Financial Statements, continued Year ended March 31, 2014
20. Financial instruments, continued
(c) Market risk, continued
(ii) Price risk, continued
NIB’s policy over concentration of its investment portfolio profile, based on investment guidelines, was as follows at March 31:
Asset Class
Cash and money market instruments
Fixed income
Convertibles
Real estate and real estate investment trust U.S. equities
Large cap value Large cap growth Mid cap
Small cap
Non U.S. equities Alternative investments
2014 2013
0–10% 0–10% 0–40% 0–40% 2–07% 2–07% 0–15% 0–15%
6–15% 6–15% 6–15% 6–15% 0–05% 0–05% 0–05% 0–05% 5–30% 5–30% 5–30% 5–30%
The following table sets out concentration of the investment portfolio held by NIB at March 31:
Asset Class According to IPS
Cash and money market instruments
Fixed income
Convertibles
Real estate and Real estate investment trust U.S. equities
Large cap value Large cap growth Mid cap
Small cap
Non U.S. equities Alternative investments
Amount
39,205,846 47,464,107 7,918,497 –
15,085,019 16,908,671 1,996,071 5,350,284 43,786,896 17,768,521
2014
%
20% 24% 4% 0%
8% 9% 1% 3%
22% 9%
100%
US$
US$ 195,483,912
2013 & 2014 ANNUAL REPORT |143 51