A summary of how our investments performed in 2024.
The market value of the Foundation's investments at the end of 2024 was £1.325 billion. The portfolio’s total return of 6.7% in 2024 compared to the Foundation's long-term investment objective (RPI+4%) which was up 7.6% during the year.
Looking back over one-year, three-year, five-year and since-inception, the performance of the portfolio against our long-term investment objectives is as follows:
| Annualised performance over... | Actual return % | Target return % (UK RPI +4%) | Over/(under) performance % |
|---|---|---|---|
| 1 year | 6.7 | 7.6 | (0.9) |
| 3 years | 0.8 | 11.5 | (10.7) |
| 5 years | 8.0 | 10.3 | (2.3) |
| 10 years | 8.6 | 8.5 | 0.1 |
| Since inception (2000) | 7.1 | 7.6 | (0.5) |
Asset allocation of our investment portfolio
The table below shows the asset allocation of our investment portfolio at the end of 2024.
| 2024 % | 2023 % | Change % | |
|---|---|---|---|
| Global equities | 42.7 | 39.3 | 3.4 |
| Emerging equities | 3.6 | 3.7 | (0.1) |
| Private investments | 32.6 | 32.3 | 0.3 |
| Hedge funds | 6.5 | 6.2 | 0.3 |
| 2024 % | 2023 % | Change % | |
|---|---|---|---|
| Low volatility funds | 9.9 | 11.9 | (2.0) |
| 2024 % | 2023 % | Change % | |
|---|---|---|---|
| Investment cash | 5.6 | 6.1 | (0.5) |
| Currency hedge | (0.9) | 0.5 | (1.4) |
