Canada. Morneau Shepell releases the results of its Performance Universe of Pension Managers’ Pooled Funds
Morneau Shepell (TSX: MSI) has released the results of its Performance Universe of Pension Managers’ Pooled Funds for the first quarter of 2019.
According to the report, in the first quarter of 2019, diversified pooled fund managers posted a median return of 8.3 per cent before management fees.
“The FTSE Canada Universe Bond index posted a return of 3.9 per cent and the Canadian Equity S&P/TSX Composite index posted a return 13.3 per cent. The U.S. Equity S&P 500 index posted a return of 13.6 per cent in U.S. dollars and a return of 11.3 per cent in Canadian dollars due to the appreciation of the Canadian dollar versus the U.S. dollar. The MSCI World (Developed Markets) index obtained a return of 10.0 per cent and the MSCI Emerging Markets index posted a return of 7.6 per cent (both in Canadian dollars),” said Jean Bergeron, vice-president responsible for the Morneau Shepell Asset & Risk Management consulting team.
“Pension fund solvency liability was up during the quarter due to a decrease in interest rates. However, given the high returns for the period, pension fund financial positions on a solvency basis improved. The solvency ratio for a pension plan with an average maturity has improved by about 1.5 to 3.0 percent since the beginning of the year,” added Bergeron.
Read more @Newswire
