Page 12 - City of Moreno Valley Invstment and Cash Management Program
P. 12

Pooled
        CASH






        Long-term Focus
        Utilizing funds that are not immediately needed for operations or projects, this component of the portfolio
        works to enhance the yield on the overall portfolio while still operating under the City’s investment
        policy objectives. This portion of the portfolio is used to purchase debt securities, in compliance with
        the approved investment list, generally with a maturity window between seven months and five years.
        Because the City’s liquidity concerns have already been addressed this portion of the portfolio can
        place more emphasis on achieving slightly higher yields. This part of the portfolio is currently managed
        by third-party investment advisors whereby the portfolio is actively managed. Active  management
        is a dynamic management approach by which securities are actively traded (bought and sold) in an
        attempt to take advantage of movement in the financial markets in order to achieve gains or profits
        on investments when it is to the advantage of the portfolio. Balances in this part of the portfolio are
        generally around  $140 million.























































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