Heritage and Stabilization Fund - HSF

AAA

DEFINITION of 'Heritage and Stabilization Fund - HSF'

The Heritage and Stabilization Fund is a sovereign wealth fund that was established in March 2007 by the government of the Republic of Trinidad and Tobago. It was previously known as the Interim Revenue Stabilization Fund, which was set up in 2000. The primary objectives of the fund are to save and invest surplus petroleum production revenues in order to support and sustain public expenditures during periods of revenue downturn, and to provide a heritage for future generations of the nation.

INVESTOPEDIA EXPLAINS 'Heritage and Stabilization Fund - HSF'

The Heritage and Stabilization Fund is denominated in U.S. dollars and its fiscal year ends in September. The fund provides a cushion to the economy in times when the price of oil or natural gas have fallen. As of September 30, 2009, the fund had net assets of $2.96 billion.

RELATED TERMS
  1. National Pensions Reserve Fund

    The National Pensions Reserve Fund is a public pension fund established ...
  2. Oil Reserves

    An estimate of the amount of crude oil located in a particular ...
  3. Organization Of Petroleum Exporting ...

    An organization consisting of the world's major oil-exporting ...
  4. TTD (Trinidad and Tobago Dollar)

    The currency abbreviation for the Trinidad and Tobago dollar ...
  5. Petrodollars

    The money earned from the sale of oil. The term "petrodollars" ...
  6. Sovereign Wealth Fund - SWF

    Pools of money derived from a country's reserves, which are set ...
Related Articles
  1. Investing Basics

    Sovereign Wealth Funds - Friend Or Foe?

    With $5.86 trillion in assets as of September 2013, SWFs have a great deal of clout in financial markets. But as the majority of SWFs are located in the Middle East and Asia, whether these largely ...
  2. Mutual Funds & ETFs

    An Introduction To Sovereign Wealth Funds

    Countries use sovereign wealth funds to stabilize their economies, but these investments can lack transparency.
  3. Economics

    What Is Happening To The BRIC Economies?

    Ten years ago, it was about the BRIC countries –Brazil, Russia, India, and China, and it was thought that capitalizing their resources would elevate them.
  4. Professionals

    Why Investors Need to Rebalance Their Portfolios

    The best way to explain why one should rebalance their portfolio is to show what could go wrong if one doesn't.
  5. Markets

    Why Are Investors Turning Down The Volume?

    Many U.S. investors are choosing to turn down the volume over the holidays, perhaps saving their song for when volatility improves.
  6. Personal Finance

    What Exactly Does A Portfolio Analyst Do?

    Portfolio analysts have the exciting role of working between the investment team layers and they touch various aspects of an investment organization.
  7. Investing Basics

    Why is buying a utility stock known as defensive move?

    Utility stocks are known as defensive stocks for investors due to the fact that consumer demand will remain high even when the economy is performing badly.
  8. Investing Basics

    How are dividends usually paid out?

    Discover the two compensation methods commonly used by companies and mutual funds to make dividend payments on equity investments.
  9. Mutual Funds & ETFs

    What happens if you don't hedge your investments?

    Learn the purpose, advantages and disadvantages of hedging, and find out how to utilize hedging to enhance an overall investment portfolio.
  10. Economics

    Evaluate Your Investment Portfolio For 2015

    The beginning of a year is a good time to evaluate your investment portfolio and think about how to position it going forward.

You May Also Like

Hot Definitions
  1. Weather Insurance

    A type of protection against a financial loss that may be incurred because of rain, snow, storms, wind, fog, undesirable ...
  2. Portfolio Turnover

    A measure of how frequently assets within a fund are bought and sold by the managers. Portfolio turnover is calculated by ...
  3. Commercial Paper

    An unsecured, short-term debt instrument issued by a corporation, typically for the financing of accounts receivable, inventories ...
  4. Federal Funds Rate

    The interest rate at which a depository institution lends funds maintained at the Federal Reserve to another depository institution ...
  5. Fixed Asset

    A long-term tangible piece of property that a firm owns and uses in the production of its income and is not expected to be ...
  6. Break-Even Analysis

    An analysis to determine the point at which revenue received equals the costs associated with receiving the revenue. Break-even ...
Trading Center