The Pools

The West Virginia State Treasurer’s Office offers state agencies and local governments the ability to invest funds with other pooled participants through the Board of Treasury Investments.  The investment pool options include the West Virginia Money Market Pool, the West Virginia Government Money Market Pool and the West Virginia Short-Term Bond Pool.

West Virginia Money Market Pool is a money market portfolio created to invest the majority of the state and local government operating funds.  The objective of the portfolio is to maintain sufficient liquidity to meet the needs of the participants while striving to earn a small return above inflation.  The risk factor is low and managed through numerous maturity restrictions, diversification, guidelines, and credit limits.  Contributions and withdrawals are allowed daily and income is distributed on a daily basis.

West Virginia Government Money Market is a money market portfolio created to invest moneys in U.S. Treasury securities and U.S. Government Agency obligations.  The objective of the portfolio is to maintain sufficient liquidity to meet the needs of the participants while striving to earn a small return above inflation.  The risk factor is low and managed through maturity restrictions.  Contributions and withdrawals are allowed daily and income is distributed on a daily basis. 

 
West Virginia Short-Term Bond Pool is a bond mutual fund which was created to invest moneys of participants which have a perceived longer term investment horizon.  The goal of the portfolio is to earn incremental returns over the West Virginia Money Market Pool with an objective of capital growth rather than current income.  The portfolio is restricted to monthly contributions and withdrawals and calculates a per-unit price each month.  The risk factor on this portfolio is higher than the West Virginia Money Market Pool.