Alberta Heritage Savings Trust Fund

AAA

DEFINITION of 'Alberta Heritage Savings Trust Fund'

A provincial fund established in the Canadian province of Alberta which aims to manage and invest the savings from Alberta's vast non-renewable resources to provide the greatest financial return on those savings for current and future generations of Albertans. The Alberta Heritage Fund was enacted under the Alberta Heritage Savings Trust Fund Act of 1976. The fund invests in equities, bonds, real estate, private equities and absolute return strategies.

INVESTOPEDIA EXPLAINS 'Alberta Heritage Savings Trust Fund'

At inception in 1976, the Heritage Fund had three objectives - to save for the future, to strengthen or diversify the economy, and to improve the quality of life of Albertans. In 1997, the Heritage Fund was restructured so that it could no longer be used by the government for direct economic development or social investment purposes.

RELATED TERMS
  1. Alberta Securities Commission - ...

    The provincial regulatory agency that is responsible for administering ...
  2. Alberta Investment Management Corporation ...

    A government-owned investment-management corporation headquartered ...
  3. Quality Of Life

    A highly subjective measure of happiness that is an important ...
  4. Oil Reserves

    An estimate of the amount of crude oil located in a particular ...
  5. Absolute Return

    The return that an asset achieves over a certain period of time. ...
  6. Oil Sands

    Sand and rock material which contains crude bitumen (a heavy, ...
Related Articles
  1. Peak Oil: What To Do When The Wells ...
    Economics

    Peak Oil: What To Do When The Wells ...

  2. How are oil reserves accounted for on ...
    Investing

    How are oil reserves accounted for on ...

  3. Peak Oil: Problems And Possibilities
    Options & Futures

    Peak Oil: Problems And Possibilities

  4. Is Natural Gas About to Tank?
    Chart Advisor

    Is Natural Gas About to Tank?

Hot Definitions
  1. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
  2. Leading Indicator

    A measurable economic factor that changes before the economy starts to follow a particular pattern or trend. Leading indicators ...
  3. Wage-Price Spiral

    A macroeconomic theory to explain the cause-and-effect relationship between rising wages and rising prices, or inflation. ...
  4. Accelerated Depreciation

    Any method of depreciation used for accounting or income tax purposes that allows greater deductions in the earlier years ...
  5. Call Risk

    The risk, faced by a holder of a callable bond, that a bond issuer will take advantage of the callable bond feature and redeem ...
  6. Parity Price

    When the price of an asset is directly linked to another price. Examples of parity price are: 1. Convertibles - the price ...
Trading Center