CPPIB is staying in the market, 'buying equities when equities are selling off'

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The Canada Pension Plan Investment Board has had a \u0027bumpy\u0027 year down 4.2% in the first quarter, but still ahead of world indices. Read on

“It’s changing by the day, sometimes by the hour, or even by the minute, and it’s dramatically impacting the global economy,” Graham said in prepared remarks for a speech at the Canadian Chamber of Commerce’s annual meeting in Ottawa.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc.

But he stressed that Canada’s largest pension plan is primarily focused on generating long-term returns to provide for 21 million working people and retirees. The CPPIB team also expects to find opportunities in infrastructure investment, helped in part by long-lasting spending programs, particularly in the U.S., Graham said.

All portfolio companies and new investments go through a screening for physical and transition risks, but Graham said there is a case to be made to “transition away from thinking of climate as a risk look at it as huge investment opportunity.”Article content The CPPIB investing team is keeping a close eye on how labour markets and consumer spending appear to be changing in the aftermath of the pandemic, Graham said, adding that market volatility should present some good entry points for long-term investors like the Canadian pension giant.Article content

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