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CPPIB posts 11.6% return for 2018 fiscal year

Please find below an article referring to the latest return of the CPPIB‎ (Canada Pension Plan Investment Board). If only Vestcor’s returns on our pension could be so impressive. 
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Prière de trouver ci- bas un article qui a parut recemment sur la performance impressionante du Régime de Pension du Canada (English article). Si jamais les retours d' investissements de Vestcor Mngt‎ étaient aussi impressionant.
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CPPIB posts 11.6% return for 2018 fiscal year
 
Staff  | May 17, 2018

The Canada Pension Plan Investment Board posted a net annual return of 11.6 per cent as the end of its fiscal year on March 31, 2018.

Adding $39.4 billion to its overall holdings, the fund now boasts $356.1 billion in assets under management. The increase included a $36.7-billion return after all expenses and $2.7 billion in contributions from Canadian workers.

“While strong annual results are encouraging, we maintain a long-term perspective,” said Mark Machin, president and chief executive officer of the CPPIB, in a news release.

“We fully expect that one year in 10, the value of the fund will drop by at least 12.5 per cent. The long-term investment horizon of the fund means that we are well prepared to withstand short-term market declines in order to maximize long-term returns.”

Results from Canadian public equity were lacklustre compared with the prior year, pulling in a 2.2 per cent return versus 19.2 per cent in 2017. The fund also decreased its holdings in that segment of its portfolio, finishing the 2018 fiscal year with $8.7 billion in Canadian equity and $1.8 billion less than in 2017. Foreign and emerging markets fared better, with returns of 11 per cent and 18.6 per cent, respectively, but still not reaching the 18.9 per cent that each category gained the prior year. The CPPIB increased its holdings in both areas, raising foreign equity by $14.9 billion to reach $103.3 billion and make up 29 per cent of the fund’s overall portfolio. Emerging market equities rose by $8.5 billion to reach $26.4 billion.

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