Page 88 - NIB Annual Report 12-13 | 13-14

TURKS AND CAICOS ISLANDS NATIONAL INSURANCE BOARD
Notes to Financial Statements, continued Year ended March 31, 2013
25. 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
2013
0–10% 0–40% 2–07% 0–15%
6–15% 6–15% 0–05% 0–05% 5–30% 0–10%
2012
0–10% 10–40% 2–07% 0–15%
6–15% 6–15% 0–05% 0–05% 0–30% 0–10%
The following table sets out concentration of the investment portfolio held by NIB at the reporting date:
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
US$ 28,822,010 48,469,103 6,944,163 –
12,862,532 13,662,967 4,615,328 4,652,835 35,203,571 17,055,506
US$ 172,288,015
2013 %
17% 28% 4% 0%
7% 8% 3% 3%
20% 10%
100%
84 | The National Insurance Board of The Turks and Caicos Islands
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At March 31, 2013 and 2012 NIB kept its asset allocation, except for cash and money market instruments, within ranges recommended by the IPS.