The Ontario Teachers’ Pension Plan is reporting a total fund net return of 1.2 per cent for the six-month period ended June 30, 2022.

The 12-month total fund net return was 8.3 per cent while net assets grew to $242.5 billion, according to a press release, which noted the five- and 10-year annualized total fund net returns were 7.9 per cent and nine per cent, respectively. As at Jan. 1, 2022, the plan was fully funded with a $17.2 billion surplus.

Read: Ontario Teachers’ returns 11.1% for 2021, led by private equity investments

“In a tumultuous time for global markets and with the highest inflation rates we have seen in decades, we were able to deliver positive returns for our members and continue to make progress towards our goal of reaching $300 billion in net assets by 2030,” said Jo Taylor, president and chief executive officer of the Ontario Teachers’, in the release.

“These results show that diversification, active management and an agile investment approach enable us to generate returns in a wide array of investment environments and position us well to navigate through what is likely to be a challenging investment landscape over the next few years.”

Read: Electrical grids require massive investments to reach net-zero targets: Ontario Teachers’