Retirement Reserve Fund (FRJ) at €1.95bn with 5.6% YTD return
The FRJ reached €1,947.2m in November, posting a 5.6% year-to-date return despite a 0.15% monthly dip amid AI investment and Fed policy uncertainty.
Key Points
- Fund value: €1,947.2 million in November.
- Year-to-date return: 5.6%; November monthly decline: 0.15%.
- November report flagged uncertainty from heavy AI corporate investment and Fed policy debate.
- Cumulative return since 31 Dec 2012: 48.4% vs cumulative inflation 26.1% (exceeds legal benchmark).
The Retirement Reserve Fund (FRJ) reached €1,947.2 million in November, maintaining a year-to-date return of 5.6% despite a slight monthly decline of 0.15%.
In its November monthly report, the FRJ said the month was marked by uncertainty over the trajectory and impact of heavy corporate investment in artificial intelligence and by debate about the Federal Reserve’s forthcoming monetary policy moves.
The report also notes that the fund’s long-term accumulated return exceeds Andorran inflation, the legal benchmark. Since 31 December 2012, the FRJ’s cumulative return stands at 48.4%, while cumulative inflation over the same period is 26.1%.
Original Sources
This article was aggregated from the following Catalan-language sources: