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Seminole County adopts investment-adviser recommendations; board discusses Israeli bond option
Summary
The Seminole County Board of County Commissioners unanimously approved a motion Jan. 28 to implement investment recommendations from county adviser Scott McIntyre, who urged stretching portfolio maturities and noted the option of Israeli "Jubilee" bonds would require a policy change.
Seminole County on Jan. 28 voted unanimously to implement the county investment adviser's recommendations to adjust the county's portfolio strategy and extend the average maturity of certain holdings, the Board of County Commissioners said during its morning session.
Scott McIntyre, the county investment adviser, told commissioners the U.S. economy was "on solid ground," cited recent Federal Reserve moves and recommended shifting some funds from short-term pool rates into longer Treasury maturities—targeting roughly three-year securities—to lock in yields while preserving liquidity.
McIntyre said the recommendation is designed to ‘‘bolster income’’ for the county’s portfolio as market conditions evolve.…
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