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

  • 📰 nationalpost
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 80%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

CPPIB adds $35.9 billion to assets

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 10. in NG

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.

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.
Source: globeandmail - 🏆 5. / 92 Read more »

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
Source: nationalpost - 🏆 10. / 80 Read more »