New Mexico State Investment Office Trust

DEFINITION of 'New Mexico State Investment Office Trust'

The New Mexico State Investment Office (SIO) is responsible for carrying out the investment management policies of the State Investment Council (SIC), which was established in 1958. Under the guidance of the SIC, the SIO manages the assets of four State of New Mexico permanent funds - the Land Grant Permanent Fund, the Severance Tax Permanent Fund, the Tobacco Settlement Permanent Fund and the Water Trust Fund. It is responsible for preserving and enhancing the principal of the permanent funds over the long term. The SIO also provides investment management services to 19 other state agencies and political subdivisions of New Mexico.

BREAKING DOWN 'New Mexico State Investment Office Trust'

New Mexico's permanent funds are viewed as assets that represent the depletion of the state's natural resources. As endowment trusts, the funds are intended to provide permanent and continuing benefits for both present and future generations of New Mexicans. As of March 31, 2010, the two largest permanent funds, the Land Grant Permanent Fund and the Severance Tax Permanent Fund, had assets of $9.49 billion and $3.66 billion respectively.

RELATED TERMS
  1. Permanent Current Asset

    The minimum amount of current assets a company needs to continue ...
  2. Closed Fund

    A mutual fund that has been closed - either temporarily or permanently ...
  3. Alaska Permanent Fund

    A permanent fund for the U.S. state of Alaska. The Alaska Permanent ...
  4. Permanent Income Hypothesis

    A theory of consumer spending which states that people will spend ...
  5. Permanent Wyoming Mineral Trust ...

    Established in 1974 by the Wyoming Legislature, the Permanent ...
  6. Total Permanent Disability (TPD)

    A condition in which an individual is no longer able to work ...
Related Articles
  1. Trading Strategies

    How Good An Investment Is Life Insurance?

    Compared to other options, does it ever make sense to include cash-value life insurance in your investment portfolio? A look at the pros and cons.
  2. Economics

    New Mexico's Economy: The 6 Industries Driving GDP Growth

    Discover the four primary industries that are considered to be the most important drivers in the well-being of the economy of New Mexico.
  3. Insurance

    Is Life Insurance A Smart Investment?

    Using permanent life insurance as an investment provides tax-deferred growth on interest, dividends and capital gains until withdrawals begin.
  4. Mutual Funds & ETFs

    The Top 3 ETFs For Investing in Mexico (EWW, AMX)

    Discover some of the most popular exchange-traded funds available that offer investors exposure to the economy and stocks of Mexico.
  5. Financial Advisors

    How to Fund Retirement with Insurance

    So you've contributed the max to all available retirement vehicles...now what? Consider a permanent life insurance policy (and its fee structure).
  6. Fundamental Analysis

    Examining Mexico's Trillion-Dollar GDP

    Examining the gross domestic product growth and composition of Mexico, the second largest economy in Latin America
  7. Term

    What Fund Managers Do

    A fund manager is responsible for implementing a fund’s investing strategy and managing its trading activities.
  8. Retirement

    Going Back to Mexico to Retire: A How-to Guide

    Looking to spend your post-working days in your own or your parents’ birthplace? Here is what you need to know to plan your move.
  9. Mutual Funds & ETFs

    The 4 Best American Funds for Growth Investors in 2016

    Discover four excellent growth funds from American Funds, one of the country's premier mutual fund families with a history of consistent returns.
  10. Insurance

    Which Kind of Life Insurance Is Best for You?

    Parse the pros and cons of different policy types to ensure the best coverage for your needs.
RELATED FAQS
  1. What is a permanent portfolio?

    A permanent portfolio is a portfolio construction theory devised by free-market investment analyst Harry Browne in the 198 ... Read Answer >>
  2. Where does a hedge fund get its money?

    Learn how a hedge fund is structured and how the managing partner of the fund goes about the process of finding and soliciting ... Read Answer >>
  3. How do I calculate the loan-to-value ratio using Excel?

    Learn what a mutual fund and a money market fund are, and understand the differences between each and how they serve various ... Read Answer >>
  4. Can mutual funds only hold stocks?

    Learn about which types of mutual funds consist of only stocks, which may include stocks in addition to other assets and ... Read Answer >>
  5. What is term insurance?

    Term insurance is a type of life insurance policy that provides coverage for a certain period of time, or a specified "term" ... Read Answer >>
  6. What typically comprises a money market fund?

    Learn about the basic types of money market funds and discover how they are characterized by the types of investments that ... Read Answer >>
Hot Definitions
  1. Physical Capital

    Physical capital is one of the three main factors of production in economic theory. It consists of manmade goods that assist ...
  2. Labor Market

    The labor market refers to the supply and demand for labor, in which employees provide the supply and employers the demand. ...
  3. Demand Curve

    The demand curve is a graphical representation of the relationship between the price of a good or service and the quantity ...
  4. Goldilocks Economy

    An economy that is not so hot that it causes inflation, and not so cold that it causes a recession. This term is used to ...
  5. White Squire

    Very similar to a "white knight", but instead of purchasing a majority interest, the squire purchases a lesser interest in ...
Trading Center