State funds in social media
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WQ.312/2025
WRITTEN QUESTION TO THE MINISTER FOR TREASURY AND RESOURCES
BY DEPUTY D.J. WARR OF ST. HELIER SOUTH
QUESTION SUBMITTED ON MONDAY 8th SEPTEMBER 2025 ANSWER TO BE TABLED ON MONDAY 15th SEPTEMBER 2025
Question
"Will the Minister advise whether the investment strategies for any States funds include investments in any social media or social networking platforms (such as Facebook, LinkedIn, X or TikTok) or their parent companies and, if so, will she provide details of the value of the investment in each case?"
Answer
The States Investment Strategy document R.185/2024 includes the investment strategy for each individual States Fund. These strategies detail asset allocations to specific asset classes, such as equity.
Investment managers are then appointed to implement investment in that asset class based on their own specific investment thesis. There is no specific reference to social media or social networking platforms in the Investment Strategy, with the buy' and sell' decision effectively delegated to the individual Managers and overseen and monitored by the Treasury Advisory Panel.
The Common Investment Fund holds a diverse portfolio with over 400 stock lines, Social Media' is not a recognised sector which makes an exhaustive check difficult. We do, however, closely monitor individual stocks and of the social media stocks listed, as of the 31 July, we hold £2.6m in shares in Facebook (Meta), equating to around 0.1% of the overall equity portfolio. There are no holdings in LinkedIn, X or TikTok.