FSM, RMI's Trust Funds suffer losses due to pandemic crisis


The financial and economic disruptions caused by the Covid-19 pandemic have affected the Trust Fund for Federated States of Micronesia and the Republic of Marshall Islands, according the trust fund committees of both countries.

For the January-March 2020 quarter, the Fund for FSM lost 13.46 percent, below the benchmark of -13.07 percent. The net asset value of the Fund was $662,163,753, preliminary and unaudited as of March 31.

For the same period, the Fund for Marshall Islands lost 14.95 percent, above the benchmark of -16.19 percent. The net asset value of the Fund was $417,902,045, preliminary and unaudited as of March 31.