Caisse posts 5.6% loss as pension giant stung by toughest market correction in decades

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 92%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

Caisse de dépôt et placement du Québec says its assets fell by nearly $18-billion last year as it wrestled with stock and bond market conditions

Caisse de dépôt et placement du Québec posted an average loss of 5.6 per cent across its portfolios and its assets fell by nearly $18-billion in 2022 as Quebec’s pension giant wrestled with what it called the toughest correction in stock and bond markets in half a century.

The Caisse had net assets of $402-billion as of Dec. 31, down from $419.8-billion a year earlier. But assets rebounded somewhat in the second half of the year, after falling to $392-billion at the end of June. The year-over-year decline was mostly a result of a 14.9-per-cent loss on the Caisse’s bond portfolio, softened by gains from private credit investments, as well as a lesser 5.7-per-cent loss on stocks.

“The first half of the year was marked by the worst concurrent correction in the stock and bond markets in 50 years, which posted negative returns from -10 per cent to -30 per cent,” said Charles Emond, the Caisse’s chief executive officer, in a prepared statement.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 5. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Quebec pension giant Caisse posts negative return in 'worst market in 50 years'Caisse de dépôt et placement du Québec posted a negative return of 5.6 per cent in 2022 as stock and bond markets tumbled. Find out more.
La source: financialpost - 🏆 7. / 85 Lire la suite »

Quebec pension giant Caisse posts negative return in 'worst market in 50 years'Caisse de dépôt et placement du Québec posted a negative return of 5.6 per cent in 2022 as stock and bond markets tumbled. Find out more.
La source: fpinvesting - 🏆 43. / 63 Lire la suite »

Quebec pension giant Caisse posts negative return in 'worst market in 50 years'Caisse de dépôt et placement du Québec posted a negative return of 5.6 per cent in 2022 as stock and bond markets tumbled. Find out more.
La source: nationalpost - 🏆 10. / 80 Lire la suite »