December 30, 2014
By Mike Stotz, AFL-CIO Investment Trust Corporation President
Washington, DC – In just two months the AFL-CIO Equity Index Fund—already the fastest growing investment program in AFL-CIO history—raised an additional one billion dollars in new investments from more than a dozen pension plans. That means that we now have more than six billion dollars in committed funds!
More importantly, I am proud to say that this Fund is already starting to become a major player on Wall Street. We’ve been actively using our growing share ownership of companies to successfully tackle corporate pay disclosure, golden parachutes, and excessive perks for executives.
We are also saving the unions money. The ultra-low annual fee of only 1.5 basis points (0.015%) really makes investing in this program a no-brainer. Also, although past performance is not a guarantee of future results, the Fund has a three-year annualized return of 16.50% compared to the S&P 500 Index Fund Average three-year annualized return of 15.92%.
It’s about investing in ourselves!