Wandsworth has made revenues £1.4m from three multi-asset funds since the council invested £50m in them in August 2018.
A treasury report before the council this week said the funds were the Fidelity Multi-Asset Fund, the Artemis Monthly Distribution Fund and the JP Morgan Multi-AssetIncome Fund. They range from three to five years.
The report said: “They are pooled funds with a diversified asset mix, predominantly of bonds and equities, but with smaller amounts of other asset categories such as property and infrastructure.”
Treasury officers at the council expect rates for short-term investments to fall in the coming year, though to the end of December 2019 it managed an average rate of 1.73%. It said it faces rates for less than one year of 0.98%, on average, compared to 1.05% this time last year.
It said opportunities for two-year investments have been limited at decent rates though it has managed to place £25m.
