Canada Pension Plan Investment Board returns net 1.9% in latest quarter
Canada Pension Plan Investment Board returned a net 1.9% in the third quarter of fiscal 2023 ended Dec. 31, the Toronto-based board announced in a news release Thursday.
For the five-year and 10-year periods through Dec. 31, the fund delivered annualized net returns of 8.1% and 10%, respectively.
Neither benchmark returns nor returns for individual asset classes are not provided in quarterly returns.
CPPIB, which manages the assets of the Canada Pension Plan, also said the pension fund’s net assets increased to C$536 billion ($395.7 billion) as of Dec. 31, up from C$529 billion at the end of the prior quarter.
“Our diversified portfolio delivered gains this quarter due to a rebound in public equity markets, while our private asset values remained relatively flat. Despite the enduring global economic headwinds, our active management strategy enabled us to outperform markets over the first nine months of our fiscal year,” said John Graham, president and CEO, in the release.
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