The MACo Pooled OPEB Trust, an investment vehicle for Maryland local governments, has made gains in both its active investments, as well as participation.
Trust Investments Beat Banchmarks
The most recent quarterly report for the Trust investments shows that during its lifespan, the Trust’s overall return was more than 1.5% better than the custom-blended “benchmark” used to indicate the overall movement in the market spaces. During a time of substantial market ups-and-downs, the MACo OPEB Trust has generated positive results for its participating members.
Lavale Sanitary Commission Joins Trust
The latest entity to join the MACo OPEB Trust is the Lavale Sanitary Commission, a regional entity within Allegany County serving water and sewer near Cumberland.
As with many of the Trust members, the “ready to go” investment options proved to be a benefit, in contrast to the process and cost involved with establishing a stand-alone local entity to enable similar long-term investments.
Interested in hearing more? Please contact MACo Executive Director and ex-officio Trustee Michael Sanderson.