The Ontario Teachers’ Pension Plan investments returned 11.1 per cent in 2021, with its result driven by the strong performance of its private equity portfolio.
The Ontario Teachers’ total fund exceeded its benchmark of 8.8 per cent, according to a press release announcing its annual results. Its private equity portfolio returned 29.9 per cent for the year, well above its 17.5 per cent benchmark. The pension plan’s allocations to natural resources and infrastructure also exceeded expectations, generating returns of 28.1 per cent and 7.9 per cent, respectively.
“We delivered strong results for our members despite the challenges brought about by a second year of a global pandemic,” said Jo Taylor, president and chief executive office at the Ontario Teachers’, in the release. “We had excellent investment performance, maintaining our fully funded status and delivered a high level of service for our members — all while making meaningful progress on our new multi-year strategy.”
The Ontario Teachers’ also invested or committed an additional $5 billion last year into green or transition assets, as part of its pledge to achieve net zero on its investment activities by 2050. It currently has more than $30 billion in green investments.