Canada Pension Posts 3% Return on Global Equity Markets
Canada Pension Plan Investment Board, the country’s biggest public pension manager, posted a return of 3 percent in the fiscal third quarter after gains in global equity markets.
Investment income for the three months ended Dec. 31 was C$5 billion ($4.97 billion), the Toronto-based fund manager said today in a statement. Assets rose to C$172.6 billion from C$170.1 billion on Sept. 30.
“This quarter’s results reflect the strength and capabilities of our diversified global platform,” Chief Executive Officer Mark Wiseman said in the statement.
Canada Pension’s results exceeded the 2.5 percent median return of the country’s pension funds over the three months, according to RBC Investor Services. Canada’s equity benchmark Standard & Poor’s/TSX Composite Index rose 0.9 percent and the MSCI World Index advanced 2.1 percent in the quarter.
Canada Pension covers every Canadian province except Quebec.