Alberta Heritage Savings Trust Fund

Dictionary Says

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 Says

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.
comments powered by Disqus
Hot Definitions
  1. Securitization

    The process through which an issuer creates a financial instrument by combining other financial assets and then marketing different tiers of the repackaged instruments to investors.
  2. Economic Forecasting

    The process of attempting to predict the future condition of the economy. This involves the use of statistical models utilizing variables sometimes called indicators.
  3. Chicago Mercantile Exchange - CME

    The world's second-largest exchange for futures and options on futures and the largest in the U.S. Trading involves mostly futures on interest rates, currency, equities, stock indices and agricultural products.
  4. Private Equity

    Equity capital that is not quoted on a public exchange. Private equity consists of investors and funds that make investments directly into private companies or conduct buyouts of public companies that result in a delisting of public equity.
  5. Valuation

    The process of determining the current worth of an asset or company. There are many techniques that can be used to determine value, some are subjective and others are objective.
  6. Valuation

    The process of determining the current worth of an asset or company. There are many techniques that can be used to determine value, some are subjective and others are objective.
Trading Center