Earlier Tuvalu Trust Fund Hired Russell Investments
Posted on 02/09/2021
On September 11, 2020, the Tuvalu Trust Fund hired Russell Investments hired as an investment advisor. Russell Investments was selected as the investment advisor for four Tuvalu investment funds, which are vital to the financial security of the island nation and its 11,000 residents. The funds have total assets of approximately A$ 260 million, the majority of which is held in the Tuvalu Trust Fund, the sovereign wealth fund of Tuvalu. The Consolidated Investment Fund, the Tuvalu Survival Fund and the Falekaupule Trust Fund are the other investment funds, all of which were created to provide additional financial stability for government of Tuvalu and to meet specific development goals. Tuvalu Trust Fund was formed in 1987.