Monday, April 6, 2020

MERS Investments

A Prudent, Long-Term Strategy — And a Proven Track Record of Success

The  MERS Investments team is dedicated to providing our member municipalities with excellent returns at affordable costs, while protecting the pensions and assets of our many members.

MERS consistently outperforms its benchmarks and market averages, with a prudent, long-term approach designed to provide downside protection and upside market participation.

Our investment goals:

  • Provide a completely diversified fund utilizing various management and style strategies that will provide downside market protection with upside market participation
  • Generate reasonable growth and income while minimizing market volatility
  • Integrate and develop industry best practices
  • Hire, develop, and retain top-tier investment professionals who are aligned with MERS core values

Our Philosophy:

Investing in today’s financial markets is becoming increasingly complex as result of the rapid exchange of information, increased volatility and global interconnectedness. Thus, it is important to identify core beliefs to simplify the decision-making process. Following is a list of our unwavering investment beliefs:

  • Capital preservation is paramount — avoiding losses is more important than achieving gains
  • Markets are inefficient — they are driven by human emotion which can be overcome by taking a contrarian, long-term perspective
  • Keep it simple — if you do not understand it, do not invest in it
  • Volatility is not a true measure of risk, permanent impairment of capital or shortfall is risk
  • Diversification is critical because the future is unknown
  • Mean reversion drives everything — most investments go through cycles, and cycles imply reversion
  • The focus should be on risk-adjusted returns — returns cannot be evaluated without considering the risk taken to achieve those returns

We believe that constantly reminding ourselves of and framing our discussions around these central tenets will help achieve the stated investment goals and increase the probability of long-term investing success.

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The information contained in this Web site is being made available as a public service. The information is not intended to constitute legal or investment advice, or to replace official versions of that information. Benefit Estimates or Service Credit Purchase estimates requested through this Web site are not official descriptions of any benefits, and do not represent a promise by MERS to provide any benefit(s) to any person(s). No one can detrimentally rely upon the information provided in, or requested through this Web site. MERS reserves the right to correct any errors, and presents this information without warranties, express or implied, regarding the information?s accuracy, timeliness or completeness. If you believe the information is inaccurate, out-of-date, or incomplete, or if you have problems accessing or reading the information, please call MERS at 800.767.MERS (6377).