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Investment Services

It's your move.

Investing with us is your local option—with funds and support going back to Alberta municipalities and related organizations. We currently offer two products MuniFunds: Money Market and the High Interest Savings Account.

Solid partnerships developed with credible, successful organizations are the foundation of our Investment Services. These partnerships are formed only after rigorous due diligence is conducted on behalf of our members. Our partners include: Aon Hewitt, CIBC Wood Gundy, CIBC Mellon, Alberta Investment Management Corporation (AIMCo) and the Alberta Government Finance Officers Association.

High Interest Savings Account

AUMA has partnered with the Government Finance Officers Association (GFOA) and CIBC Melon to bring our members a pooled High Interest Savings Account (HISA). HISA offers a competitive interest rate, secured principal, and the ability to move your money at any time without penalty, regardless of the amount invested. Your deposits are held in your own account.

Grow your money: Create your account now and earn 2.40% interest until June 30, 2019*.

Move your money: Your money is fully-liquid and remains easily accessible. Make a deposit or withdrawal at any time with a single email request.

Secure investment: The HISA offers steady growth, Municipal Government Act compliance, and CDIC deposit protection.

Our team is happy to walk you through the details so you can start earning higher returns. Contact us via email or call 310-AUMA (2862) if you have any questions.

*This rate is attached to CIBC prime rate. After June 30, 2019, the effective annual interest rate will be based on the pooled average monthly balance.

MuniFunds: Money Market

This pooled fund is managed with the objective of providing competitive interest income to investors while maintaining very high capital preservation and liquidity.

The fund, which is managed by AIMCo (an Alberta Crown Corporation), is comprised of high quality, short-term and mid-term fixed income securities with a maximum term to maturity of three years. The Money Market Fund performance is measured against the DEX 91-day T-Bill Index. This fund may be suitable for investors with an investment horizon of less than one year.

Subscription package

The MuniFunds Subscription Package contains all of the documents necessary to participate in the service.

Download the MuniFunds Form to send trade instructions, including deposits, redemptions, and transfers.

AUMA regular and eligible Associate members are welcome to participate in the program. If you would like to learn more, email or call us at 310-AUMA to discuss your specific investment needs with our knowledgeable staff.

Additional benefits

In addition to the investment funds already discussed, AMSC Investment Services provides members access to this additional benefit:

Investment policy review

An investment policy is recommended for any investor. The services of Aon Hewitt, AMSC’s third-party investment consultant, can be engaged for the purpose of conducting an investment policy review and development. The cost for this service is $1,500, with $1,000 reimbursed upon enrolment into the program; subject to a minimum investment of $500,000. This means the net cost to the member is just $500 for a professionally constructed investment policy.