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Trust committee approves $750,000 rebalancing from emerging‑markets equity into core plus bond fund
Summary
The St. Mary's County OPEB trust committee approved a $750,000 redemption from the DFA Emerging Markets Core Equity Fund to the Loomis Sayles Core Plus Bond Fund by voice vote after the investment presenter recommended the modest reallocation to reduce equity exposure and increase fixed income.
At the April 24 meeting, the St. Mary's County OPEB trust committee approved a rebalancing motion to redeem $750,000 from the DFA Emerging Markets Core Equity Fund and invest the proceeds in the Loomis Sayles Core Plus Bond Fund.
John Walter (citizen representative) moved the motion and it was seconded; the motion passed on a voice vote. Patrick Wing had recommended the modest shift as risk management to…
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