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Mon July 9, 2012
Wyoming Investment Fund Earns Higher Than Expected Returns
A new Wyoming Economic Analysis Division report shows the state’s investment fund is taking in higher than expected returns. The fund earned 14% --or 27 million dollars-- more than predicted. And total investment revenues were almost 40% higher than last year. State Treasurer Joe Meyer says the state’s diverse investments have allowed it to weather the tumultuous global economy.
“We’re a very diversified portfolio. We have investments in almost all the major types of investments,” Meyers says.
Meyer says that most of the fund’s additional revenues came from high risk, high yield stocks. But he says that even if global financial instability continues, the state’s more conservative investments will ensure that the fund doesn’t take too much of a hit.