May 14, 2026
This week, Council received the annual Investment Committee Report, outlining details on how the City’s investments performed in 2025. The City’s investment portfolio is valued at $3.8 billion as of December 31, 2025, and has contributed over one billion dollars of investment earnings and dividends to the City’s budget since 2016. The report showed that City investments have outperformed their benchmarks over a one-year, four-year and ten-year basis. The City uses its investment earnings to help support its capital program to maintain infrastructure needs for a growing population. The success of our investments has been a large factor in the City being able to provide a robust and growing capital program.
“We are proud of how our investments are performing and how we're putting that money to work for Edmontonians. Our investment program plays an essential role in ensuring the City’s financial stability and supports our long-range financial plan,” said Stacey Padbury, Chief Financial Officer and Deputy City Manager, Financial Services. “The City’s investment earnings are critical in sustaining the City’s capital program, helping us build and maintain roads, fire stations, recreation centres and other important infrastructure that Edmontonians rely on.”
The City’s Investment Committee brings business and investment expertise to the oversight of the City’s Investment Policy, and a portion of our investments are managed in-house. By doing this, the City has saved more than $15 million over the last 10 years, approximately $1.5 million a year.
In 2025, performance ranged from 3.3 per cent for the City’s Money Market Fund to 15.4 per cent for the Ed Tel Endowment Fund, reflecting each fund’s asset mix. As a result of strong performance in recent years, the City’s Ed Tel Endowment Fund paid $48 million in dividends to the City in 2025 and ended the year at an all time high valuation of $1.2 billion dollars.
“Since 1995, the Ed Tel Endowment Fund has earned a compound annual rate of return of 8.7 per cent versus the benchmark return of 7.6 per cent, grown its principal from $465 million to $1.2 billion and paid over $1.1 billion in dividends to the City,” said Padbury.
The City has strong investment policies and procedures and is managed by diversified expertise to help maximize our investment returns and build upon the City’s financial assets. As part of its commitment to financial accountability and transparency, the City shares its investment results through the Investment Committee Report every year.
