The Federated States of Micronesia's Compact Trust Fund has registered significant gain in its net asset value.
The Northern Marianas Variety reports that the trust fund ended the fiscal year 2012 with a value of US$257.3 million, a 30 percent increase from the fiscal year 2011 amount of US$198.5 million.
The increase was due to a net investment gain attributed to strong performance in US and international public equity markets.
Those figures were included in the FSM Compact Trust Fund Committee's recently released fiscal year 2012 annual report and financial statement.
However it says that despite the gains, the fund is still expected to fall short of the amount required for a smooth transition when economic provisions of the Amended Compact expire in 2023.
