Biggest Pension Acts Like Teenager on Allocations: Canada Credit
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When it comes to bonds, Canada’s biggest pension fund is acting like a teenager.
With years of income and investing ahead, the Canada Pension Plan Investment Board can afford to own more risky assets such as real estate and stocks, according to Chief Executive Officer Mark Wiseman. Pension contributions will continue to grow through 2022, allowing the fund to reduce its 28 percent holdings in fixed income, he said.