The Grand Chapter of Royal Arch
Masons of Canada in the Province of Ontario maintains three investment
accounts:
-
The General Account
-
The Scholarship and Bursary Fund
Account
-
The Medical Research Fund Account
The mandate
of the Investment Committee is to oversee and monitor the management of
these accounts by our Investment Advisor, which is currently RBC Dominion
Securities. The committee ensures that the management of these
accounts is in accordance with the Investment Policy approved by the Grand
Executive Committee of The Grand Chapter.
The
investment policy governing these accounts provides that all of the accounts
must have no more than 35% of their assets invested in equity investments.
This policy has served The Grand Chapter well, allowing these accounts to
take advantage of positive markets, while protecting the assets when markets
have been negative.
The
Investment Committee meets on a regular basis with the Investment Advisor,
and reports to the Grand Executive Committee on the status of the three
investment accounts. Complete reports on all three investment accounts
and on the activities of Investment Committee are available in the
Proceedings of the Annual Convocation of The Grand Chapter.
Sincerely &
Fraternally,
R. Ex.
Comp. David R. Pass
Chair - Investment Committee
