What is the Alberta Heritage Fund?

The Alberta Heritage Savings Trust Fund (the “Heritage Fund” or “Fund”) is Alberta’s primary long-term savings vehicle. It holds a diversified portfolio of investments for the benefit of current and future generations of Albertans. When was the Heritage Fund established? The Heritage Fund was established in 1976.

What is the Heritage Savings Trust Fund?

The operations of the Heritage Savings Trust Fund are subject to the Alberta Heritage Savings Trust Fund Act and with the goal of providing "prudent stewardship of the savings from Alberta's non-renewable resources by providing the greatest financial returns on those savings for current and future generations of Albertans."

When did the Alberta Heritage Savings Trust Fund Act take effect?

On 1 January 1997, a new Alberta Heritage Savings Trust Fund Act took effect, restructuring the institution into a transition portfolio, designed to earn income for the province, and an endowment portfolio to focus on long-term financial returns.

Is the Heritage Fund a good investment?

Overall, the Heritage Fund had a 3.7 per cent return from investments this quarter and showed an 11 per cent return over the past six months. Lower interest rates and better than expected corporate profits continue to fuel the market's recovery.