Canada Pension Plan’s investment board racks up 8.9% return, more than enough to sustain fund until 2090

TORONTO — Canada Pension Plan Investment Board recovered from a weak quarter in late 2018 to produce a solid 8.9 per cent net return for its most recent financial year.

The Toronto-based investment manager for the Canada Pension Plan said its CPP Fund had $392.0 billion of net assets as of March 31, up $35.9 billion from the end of the 2018 financial year after all costs. The fiscal fourth quarter also showed a recovery from a weak return of 1.1 per cent in the third quarter that was affected by a general downturn in stock markets in December.

CPPIB’s five-year real rate of return, which adjusts for inflation, was 8.9 per cent as of March 31 while the 10-year real rate of return was 9.2 per cent. Those returns are well ahead of what the Chief Actuary of Canada has determined to be necessary to sustain the Canada Pension Plan to at least 2090.

They dumped a bunch of our pension money into green energy investments which have little or negative return

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Shift from stocks boosts CPPIB’s returnsCanada Pension Plan Investment Board posted a return of 8.9 per cent in the most recent fiscal year globebusiness Did they shift their holdings out of American Immigration Detention Centres and for-profit prisons? Maybe you can ask about that the nest time you interview someone from CPPIB.
Herkunft: globeandmail - 🏆 5. / 92 Weiterlesen »

The Bank of Canada is pushing a private mortgage-backed securities market — but is anybody buying?Demand for such investments, which still carry the stigma of the financial crisis, appears to be scarce
Herkunft: nationalpost - 🏆 10. / 80 Weiterlesen »