FMCSV’s investment policy is defined based on its Mission and its Fund Governance processes. It is this policy that determines the risk exposure, the allocation of funds, the assessment criteria and other standards according to the figure below.
This process involves members of the main governing bodies of FMCSV.
The Board of Trustees [sugestão: linkar para a página de conselhos] is responsible for deciding the direction of the assets and the choice of the market managers.
It relies on the advice of the Investment Committee, which gives its opinions and makes recommendations on the management of FMCSV’s financial resources with the support of the Audit Committee, which monitors the economic-financial management.
The Foundation has a team that monitors, executes and makes proposals for the financial operations and for fund management.
The investment performance of the endowment fund is presented to the Investment Committee and to the Board of Trustees at regular meetings held throughout the year. In these meetings, after reviewing the results and proposals, decisions are made about the allocation and management of the funds based on the guidelines of continuity of FMCSV, the maximization of return on investments and risk reduction.
For such, the investment policy aims at diversifying investments, so that the overall portfolio reaches a more significant return with a low risk.
The strategy in this area requires the management of funds to follow the corporate goal of the Foundation - which implies, for example, in not investing directly in stocks of liquor, cigarette and weapons manufacturers.
Another decision is to limit to 5% the assets of the endowment fund allocated to the operational fund and aimed at covering FMCSV’s administrative expenses and programs.