Vestcor Inc. is reporting a net investment return of 8.67 per cent for 2025.
In its annual investment performance report, the New Brunswick-based investment manager said its assets under management grew by $1.3 billion to $24.4 billion, adding $165 million in value above investment benchmarks for clients.
Read: Vestcor returns 12.2% in 2024, net assets increase to $23.1BN
Equity markets were the main driver of returns, at 16.5 per cent. Canadian equities performed particularly well at 32 per cent, while Canadian small-cap equities gained 49.2 per cent and global developed markets returned 16.0 per cent.
The report noted investing in Canada remains a key part of Vestcor’s strategy, with roughly 60 per cent of assets under management allocated to Canadian companies, fixed income, infrastructure and real estate. Its private equity portfolio alone has invested nearly $300 million in Canadian companies.