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Home > Library > Stable Times > Volume 8, Issue 4

The quarterly publication of the Stable Value Investment Association
Fourth
Quarter 2004 • Volume 8 Issue 4
Recent Stable Value Pooled Fund Purchase Trends
By Kerry Clements, Hueler Analytics
The Hueler Analytics Pooled Fund Universe, representing 22 funds totaling $70 billion in assets, saw a sharp increase in the dollar value of GIC purchases over the past two quarters. Although the dollar value of new synthetic purchases and additional dollars being deposited into existing synthetic contracts still outweighs GIC purchases, the dollar volume of GIC purchases during second and third quarter 2004 was the highest in the last two year period. As the graph shows, the GIC purchases jumped from approximately $70 million during first quarter 2004, up to almost $700 million in second quarter 2004 followed by $835 million of GIC purchases during the third quarter 2004.
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