Investment policy 2008
Benefit Plan Capec - Caixa de Pecúlios
1. Closed Complementary Pension Plan Entity:
Caixa de Previdência dos Funcionários do Banco do Brasil - PREVI
2. Year: 2008
3. Minutes pf the Deliberative Board / Date of Meeting:
Minutes 218, of 12 / 18 / 2007
4. Benefit Plan: Capec Benefit Plan - Caoxa de Pecúlios
5. Actuarial Benefit Plan Goal:
INPC indexation plus 5,75 %, relative to Provisions of Part 1 and to the Mathematical Provision of Benefits Conceded of Part II.
6. AETQ - Statutory Technically Qualified Administrator:
6.1 Fixed Income: Cecília Garcez and José Reinaldo Magalhães
6.2 Variable Income: Cecília Garcez and José Reinaldo Magalhães
6.3 Real Estate: Cecília Garcez and José Reinaldo Magalhães.
6.4 Financing: Cecília Garcez and José Ricardo Sasseron
7. Mechanism of Policy Information to Participants: (x) Electronic Means (x) in Printing
TABLE SUMMING UP THE INVESTMENT POLICY OF EFPC, ACCORDING TO REGULATION ANNEXED TO RESOLUTION CMN 3456 / 2006
8. Allocation of Funds
9. Maximum Diversification Limits
Contracting Criteria - Administration of fixed and variable income portfolios
The criteria for contracting external mangers for the administration of variable income portfolios are classified as follows:
a) Qualitative - General data about the asset administration company:
- Name and a brief résumé of shareholders, managers and analysts;
- Portfolio of clients;
- Experience;
- PREVI former experience with that company;
b) Quantitative - Financial data of assets managed by the company:
- Total assets managed by the company, broke down by types;
- Assets from institutional investors managed by them;
- Assets under their management broke down by type of investments (portfolios and volumes);
- Profitability of investments.
Considering the specific characteristics in each case, the several elements will be considered in order to identify the administrator with the best profile to manage the funds.