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In what types of securities does the State of Missouri invest?

April 26, 2017invest Missouri securities State types

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In what types of securities does the State of Missouri invest?

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The State of Missouri’s portfolio is a fixed-income portfolio limited to a maximum maturity of five years. The State Treasurer’s Office is not allowed to invest the State’s portfolio in the stock market. Eligible securities include: United States Treasuries, U.S. agency debt, commercial paper of U.S. corporations, bankers’ acceptances, repurchase agreements and time deposits with Missouri banks. For more information, see Section XI of the state’s investment policy.