Alberta Heritage Fund

| Country: Canada
Established: 1976 US$ Billion: 15.1 |
Origin: Oil
Firm Investment Style: Index Entity Structure: Fund |
| Summary: The Alberta Heritage Savings Trust Fund was created in 1976 by the Alberta Heritage Savings Trust Fund Act. Initially, the fund received 30% of Alberta’s non-renewable resource royalties which comes from its vast oil wealth. This fund was created with several goals in mind.
During the early 1980s, the fund made loans to other provincial governments in Canada. Later the fund’s money was used for capital infrastructure projects. After 1987 resource royalty revenue was no longer added to the fund. The fund was originally designed for economic development, but now primarily it is a long-term savings and investment fund. |
Strategy & Objectives: As of 2007, the fund is invested in stocks, bonds, real estate and alternative investments, with the aim of generating revenue for the province. Governance: |







