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MAPS Investment Trust cites strong returns, approves investment policy amendments
Summary
The Oklahoma City MAPS Investment and Operating Trust received quarterly and monthly investment reports showing strong returns across domestic and international markets and approved amendments to its Statement of Investment Policies that realign target allocations and eliminate select asset categories.
The Oklahoma City MAPS Investment and Operating Trust on Feb. 16 received quarterly and monthly investment reports showing double-digit trailing returns in some categories and approved changes to its investment policy statement to better reflect current allocations.
Doug Anderson, the investment presenter for the trust, told trustees the total fund was up 1.71% for the fourth quarter and noted strong one‑year results driven by international equities. "ACWI ex US ... was up 32% last year," Anderson said, and he observed that international performance was aided by a weaker dollar. He said the trust…
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