Alberta Heritage Fund
|Canada – Alberta||US$ 16.4 Billion|
Transparency Rating: 9
View Sovereign Fund Transaction Data
View Asset Allocation
Firm Investment Style: Mixed
Entity Structure: Fund
Pop Est.: 3.65 million – 2011 Alberta
Wealth Per Capita Est.: $4,499
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.
Investment for Future Generations
Strengthen and diversify the economy
Improve quality of life
A Rainy Day 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.