Return on MFA investments
For Sparwood the 2017 return on our MFA investments was really poor. We have just under $8,000,000 invested with MFA, with the following returns:
- MFA Bond Fund 0.25% interest for 2017
- MFA Intermediate Fund 0.78%
- MFA Money Market Fund 0.96%
Overall return on investment from MFA for 2017 was 0.43%, compared to the Credit Union Redeemable 12 month deposits of between 1.5% and 2.6%.
Have other municipalities experienced a similar trend, and could you share your strategies on how you are dealing with investments.