Net assets for the Toronto-based fund manager grew to $420.4 billion as of Dec. 31, up from $409.5 billion at the end of the previous quarter.
The $10.9 billion quarter-to-quarter increase included $14.5 billion in net income from investments, after all CPPIB costs, offset by $3.6 billion of cash outflows to the Canada Pension Plan. CPPIB's base account had $419.0 billion in net assets as of Dec. 31, up $10.7 billion from the previous quarter, and a new account for extended CPP benefits had $1.4 billion in assets, up from $1.2 billion at the end of September.
Its five-year annualized net real return, which adjusts for inflation, was 8.4 per cent and its 10-year real rate of return was 8.5 per cent during what was the third quarter of its 2019-20 financial year. CPPIB is an independent fund manager for the national pension system, which invests excess contributions from employers and employees in most parts of Canada except for Quebec, which has its own provincial plan.
Anyone with a little financial savvy could have got a minimum of 3.60 or a little more investing in Canadian GIC’s. Or diversify into some Israel government bonds at 4% -4.25%. These bonds have never defaulted since conception in 1959.
Why would a news network have a verbal block via emails..... your saying please don't get excited upon writing which is a deturant and a business killer .....get the truth out there ...it's obvious that there is no freedom of speech in Canada
Ok good, now can our seniors and vets get some of it?
That's really excellent. I can't believe Alberta wants out. So silly.
Solid return
Wonderful news. The CPP has an excellent rate of return compared to private sector with far fewer costs.
Thats all? So much for investing in our future! failedliberalpolicies
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