Should the Haines Borough invest more of its $8 million permanent fund in the stock market?
The borough assembly’s finance committee agreed March 10 that a provision in code that caps the fund’s investment in stocks at 25 percent should be raised to 50 percent of total assets, with a target of 30 percent in stocks.
Currently, 80 percent of the fund is invested in government bonds, 15 percent is in the stocks of large…
