Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Harbor Trust tells Michigan City Water Works board portfolio returned about 11% in 2025; recommends steady asset mix
Summary
Harbor Trust representatives reported that the Water Works' portfolio exceeded $22 million with roughly an 11% total return for 2025, described current allocation (~65% equities, ~30% fixed income, ~3% cash) and recommended modest tactical adjustments while maintaining quality fixed‑income holdings.
Harbor Trust representatives briefed the Michigan City Water Works Board on Jan. 27, reporting a strong 2025 performance for the utility's portfolio and explaining portfolio positioning heading into 2026.
"2025 was a pretty good year in the financial markets," said Miss DeMerrill of Harbor Trust, who reviewed global market conditions and the firm’s broad outlook. Ross Miller, senior portfolio manager, said the Water Works portfolio grew to more than $22…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
