The Board of Governors is responsible for setting the Investment Strategy of the Fund.
The Investment Strategy of the Fund, as articulated and approved by the Board of Governors in consultation with government, is under-pinned by four main objectives which constitute the Strategic Objectives of the Fund:
In so doing, the NDSF will:
On the other hand, the NDSF will seek not to:
The Investment Policy and Risk Management Framework of the Fund have been designed in a way to allow the Fund to achieve the social and economic objectives laid down in the founding regulations whilst at the same time investing on a commercial basis in a manner to support those objectives. This is a model that is generally used by Sovereign Wealth Funds. This model ensures that a second source of income is created for the Fund from the returns made on the investments.
For this purpose, the Fund has allocated three main portfolios, namely the Discretionary Portfolio, the Directed Portfolio and the Unallocated Portfolio.