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The committee postponed a vote on changes to the OPEB investment strategy until July, while members considered adding 5% to 10% in non-correlated assets and reducing active management. As of May 31, the portfolio was 72.1% equities and 27.9% fixed income.
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No investment strategy change was approved at this meeting. Members plan to review the Investment Policy Statement and consider options such as passive exchange-traded funds, consolidated investment categories, and alternative assets before voting in July. The committee also recommended two OPEB Trust Board reappointments and reviewed the Town's $147.5 million General Fund ending cash balance for May.
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