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Reserve recovery to £1.6 billion down to 'diverse portfolio'

Funds dipped by £200m in 2020 before bouncing back

A diverse portfolio of investments helped the Island's reserves recover after the 'coronavirus crash' in the global stock market last year.

The funds dipped by £200 million before recovering back to around £1.6 billion where they currently stand.

Brexit, and the 2020 US presidential election, also contributed to volatility in the market.

Treasury member Bill Shimmins MHK is the chair of the government's investments committee:

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