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. Oil Sands

    Sand and rock material which contains crude bitumen (a heavy, ...
  6. Absolute Return

    The return that an asset achieves over a certain period of time. ...
RELATED FAQS
  1. How are oil reserves accounted for on an oil company's balance sheet?

    Oil reserves are estimated quantities of crude oil that have a high degree of certainty, usually 90%, of existence and exploitability. ... Read Full Answer >>
Related Articles
  1. Economics

    Peak Oil: What To Do When The Wells Run Dry

    Find out how to invest and protect your investments in this slippery sector.
  2. Options & Futures

    Peak Oil: Problems And Possibilities

    Learn a little more about the "non" part of this nonrenewable resource.
  3. Investing

    How To Invest Outside Your Comfort Zone?

    Sometimes, when it comes to investing, we have to step outside of our comfort zone and use investment tools to express a market view or specific outcome.
  4. Mutual Funds & ETFs

    How To Choose The Right ETF?

    Choosing the right ETF really isn’t that complicated. If you stay focused on a few key areas, you may find the experience to be much easier.
  5. Mutual Funds & ETFs

    Want to Go Long Natural Gas? Eye the UGAZ ETN

    Is UGAZ the best way to play natural gas? Maybe not.
  6. Chart Advisor

    These Oil Service Stocks Are Ready For A Move Higher

    In the oil services sector, active traders have been trying hard to establish a floor and the double bottom pattern that is appearing on the chart suggests that a short-term reversal could be ...
  7. Bonds & Fixed Income

    How to Diversify with Muni Bond ETFs

    Thinking of diversifying with bonds? Consider these muni bond ETFs.
  8. Mutual Funds & ETFs

    How To Build A Bond Ladder?

    Bond laddering is a strategy used when building a portfolio: an investor can spread out interest rate risk and create a stream of cash flows for income.
  9. Fundamental Analysis

    How Investment Risk Is Quantified

    FInancial advisors and wealth management firms use a variety of tools based in Modern portfolio theory to quantify investment risk.
  10. Investing

    Rethinking About Retirement Investing?

    There are plenty of reasons to rethink your retirement investing, wherever you fall on the spectrum between fatalistic acceptance and cheerful confidence.

You May Also Like

Hot Definitions
  1. Asset Class

    A group of securities that exhibit similar characteristics, behave similarly in the marketplace, and are subject to the same ...
  2. Fiat Money

    Currency that a government has declared to be legal tender, but is not backed by a physical commodity. The value of fiat ...
  3. Interest Rate Risk

    The risk that an investment's value will change due to a change in the absolute level of interest rates, in the spread between ...
  4. Income Effect

    In the context of economic theory, the income effect is the change in an individual's or economy's income and how that change ...
  5. Price-To-Sales Ratio - PSR

    A valuation ratio that compares a company’s stock price to its revenues. The price-to-sales ratio is an indicator of the ...
  6. Hurdle Rate

    The minimum rate of return on a project or investment required by a manager or investor. In order to compensate for risk, ...
Trading Center