PERAA Posts Double-Digit ROI
The PERAA Board of Trustees has declared 10.11% as Return on Investments (ROI) for fiscal year 2009-2010. The rate which is much higher than the 2.66% inflation rate for 2010 enabled the Association to record a 13.39% average ROI, net of tax and net of expenses, for the past 38 years. Total assets as of fiscal yearend rose to P4.5 billion reflecting a 7.25% increase over last year's P4.21 billion record. After having been affected by the global financial debacle, PERAA's investment performance, during the period in review, has yielded a net investment income of over P529 million.
Last fiscal year, its strong fundamentals enabled PERAA to withstand the shaky conditions of the investment milieu, ending the period with more than enough resources (P4.21 billion) to pay for every PERAA members' equity, if warranted.
This was announced by PERAA president, Bernadette M. Nepomuceno, through a memorandum dated August 2, 2010 to all Participating Institutions.