Why Invest In IMET?

ENHANCED DIVERSIFICATION

IMET’s two funds, the 1-3 Year Series and the Convenience Series, can complement a participant's own investment program. Adding different strategies increases diversification which may enhance safety. Each series is comprised of a diversified basket of investments.

LIQUIDITY

IMET conducts daily mark-to-market pricing, recommended by the GFOA, to keep participants constantly aware of the market value of the 1-3 Year Series portfolio. While designed for investments of longer than one year, participants are able to redeem their shares of the 1-3 Year Series with 5 business days notice. The Convenience Series provides daily liquidity to participants.

RESULTS-ORIENTED

IMET funds are managed with the goal of meeting or exceeding their respective benchmark. The 1-3 Year Series is benchmarked to the Bloomberg Barclay’s 1-3 Year Government Total Return Index. The Convenience Series is benchmarked to the Federal Funds Rate.

No Minimums / No Maximums

There are no minimum investment requirements to join or participate. There are no maximum limits on the number of accounts participants can establish.

Best Practices

IMET practices – continuously – are aligned with GFOA and industry best practice and operational excellence - including collateralization, third party custody, and periodic competitive procurement.

Oversight

IMET is governed by a Board of Trustees comprised of Illinois public officials representing IMET participants. The Board meets monthly to review goals, objectives and the direction of IMET. Participants also benefit from an independent administrator that acts as transfer agent and provides fund accounting and reporting, and a third party custodian.

Recent News

May 2019 IMET Monthly Newsletter
May 08, 2019

Download the May 2019 IMET Monthly Newsletter

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Fed Holds Rates Steady, Citing Lack of Inflation
May 02, 2019

Federal Reserve officials voted to hold interest rates steady Wednesday, as a lack of inflation pressure outweighed an economy that otherwise is growing strongly.

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States Pursue Their Own Broker Conduct Rules
April 19, 2019

WASHINGTON—Several states are rolling out stricter standards for investment-broker conduct, bucking industry warnings about an unwieldy patchwork of rules around the country.

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Putting Libor Out of its Misery Easier Said than Done
April 17, 2019

Weaning off the scandal-plagued Libor benchmark is a gigantic problem for global rates markets, one that increasingly looks too burdensome for a single replacement to handle in the U.S.

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