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COLOTRUST adviser briefs Monte Vista on portfolio yields and 2025 rate outlook
Summary
An adviser from COLOTRUST updated the Monte Vista City Council on the local government investment pool's structure, the city's 2024 yield and interest income, and the Fed and market rate outlook for 2025.
Brett Parsons, a relationship manager and investment adviser representative for COLOTRUST, briefed the Monte Vista City Council on COLOTRUST’s operations, the city’s investment performance for fiscal year 2024, and the near-term rate outlook.
Parsons described COLOTRUST as a Colorado local government investment pool (LGIP) authorized under Colorado Revised Statutes, noting it is organized as a trust administered by a board of trustees representing municipalities, counties, school districts and special districts. He said COLOTRUST manages funds for over 2,000 local-government participants statewide and that total…
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