The Canada Pension Plan Investment Board (CPPIB) delivered a gross investment return of 3.4% for the second quarter of fiscal 2015.
“During the quarter, our investment portfolio reflected mixed performance from the global public equity markets, balanced by solid returns from our fixed income assets and positive contributions from our private investments,” says CPPIB president and CEO Mark Wiseman.
The CPP fund ended the quarter with net assets of $234.4 billion, compared with $226.8 billion at the end of the previous quarter. The $7.6-billion increase in assets for the quarter consisted of $7.5 billion in net investment income after all CPPIB costs and $0.1 billion in net CPP contributions.
Read:
For the six-month fiscal year-to-date period, the CPP fund increased by $15.3 billion from $219.1 billion at March 31, 2014. This included $11 billion in net investment income after all CPPIB costs and $4.3 billion in net CPP contributions. The portfolio delivered a gross investment return of 5.1% for this period.
“We continue to realize the benefits of a globally diversified, resilient portfolio that is designed to deliver superior returns over the long term,” he adds.
Read: