Tag Archives: S Fund
It’s official: BlackRock won the contract to continue managing the S Fund. According to the FRTIB’s recent press statement: The Federal Retirement Thrift Investment Board (FRTIB) announced today that it has selected Blackrock Institutional Trust Company, N.A. as the investment manager for its Small Cap Stock Index Investment Fund (S Fund). The S Fund invests in a stock index fund that tracks the Dow Jones U.S. Completion Total Stock Market Index. The earnings consist of dividend income and gains or … moreComments Off on BlackRock’s Three-peat*
TSP administrators floated a request for proposals to manage the Small Cap Stock Index Investment Fund — the S Fund — earlier this month. This is the third major RFP to manage individual TSP funds in the past 18 months. BlackRock was re-awarded the contract to run the I Fund early last fall, three months after the RFP was first released in June last year. The contract award was made in half the time originally anticipated, with the final award expected … moreComments Off on Will BlackRock Continue to Manage the S Fund?
Perhaps this article should be titled a “non-update,” since nothing has really happened with Facebook in the S Fund. Really the story is how Standard and Poor’s – the company that determines the composition of the S&P 500 (on which the C Fund is based) – has avoided adding Facebook to the S&P 500. This past week, Standard and Poor’s added Vertex Pharmaceuticals and Ametek to the S&P 500, which are biotechnology and electrical components companies respectively. Not quite the … moreComments Off on The TSP and Facebook: An Update
BlackRock Institutional Trust Company has managed TSP’s F, C, S, and I Funds ever since it acquired Barclays Global Investors in 2009. Now that the contracts to manage those funds are coming up for recompete, BlackRock has shown that it is looking to continue to manage the funds. In December, it won a renewed contract to manage the F Fund for up to five years. Now the TSP is accepting Requests for Proposals (RFPs) to manage the I Fund, with … more2 Comments
The monthly interfund transfer stats for January were just posted on Friday, and based on the numbers, TSP participants appear to have regained their confidence in the stock markets and the TSP stock funds big-time. In January this year, TSP participants transferred a record amount out of the G and F Funds, while they transferred a record amount into the C and S Funds since the beginning of 2007 (when the current transfer data begins). The I fund experienced a … moreComments Off on Sell Low, Buy Higher?