United Nations Joint Staff Pension Fund Investment Policy
This Investment Policy, approved in March 2014, sets forth the principles guiding the management of the United Nations Joint Staff Pension Fund's investments. Its primary goals are to preserve the Fund's principal, achieve an optimal 3.5% real rate of return without undue risk, and diversify the portfolio across asset types, currencies, and geographies. The policy details investment philosophy, return and risk objectives, time horizons, modeling assumptions, and portfolio constraints, including ethical considerations for prohibited industries. It also outlines the governance structure, investment authority, risk management framework, and specific asset mix allocations.