reported a 3.5 per cent return in its latest fiscal year, weathering turbulent markets for stocks and bonds and beating its benchmarkSome of the strongest returns BCI earned came from private assets, such as investments in infrastructure and renewable resources, which gained 9.2 per cent, as well as private equity, which increased 4.7 per cent. Private asset returns were broadly less volatile last year, helping insulate pension plans from plunging stock and bond values.
“It was very turbulent, all of 2022,” said Ramy Rayes, BCI’s executive vice-president of investment strategy and risk, in an interview. “We were positioned for it, though.” “In our view, that’s going to be the reality of the next year or two where every ounce of excess return will count and active management will be extremely important,” he said.
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stillwater Critical Minerals announces investment by GlencoreA roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
BlackRock ETF filing sparks largest inflows to Bitcoin investment products since JulyInflows into digital asset investment products are at the highest level since July following last week's flurry of spot Bitcoin ETF filings initiated by BlackRock.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »