John Graham, President & CEO of the CPPIB speaks at the Canadian Chamber of Commerce’s Annual General Meeting and Convention in Ottawa on Oct. 14, 2022. THE CANADIAN PRESS/Sean Kilpatrick
John Graham, President & CEO of the CPPIB speaks at the Canadian Chamber of Commerce’s Annual General Meeting and Convention in Ottawa on Oct. 14, 2022. THE CANADIAN PRESS/Sean Kilpatrick
TORONTO - Canada Pension Plan Investment Board says it earned a net return of 1.0 per cent in its first quarter, helped by its investments in public equities and across private asset classes.
The pension fund manager finished the quarter ended June 30 with $646.8 billion in net assets, up from $632.3 billion at the end of the previous quarter.
The $14.4-billion increase in net assets for the quarter included $6.3 billion in net income and $8.1 billion in net transfers from the Canada Pension Plan.
CPP Investments says the gains came from its investments in public equities and across private asset classes, particularly in credit and U.S.-dollar denominated assets.
The strength was partially offset by its investments in government bonds, which were hurt as markets around the world reduced their expectations of rate cuts by central banks.
The fund's 10-year annualized net return was 9.1 per cent.
This report by ¹ú²úÓÕ»ó¸£Àû was first published Aug. 14, 2024.
