The Alberta Investment Management Corp. and the Caisse de depot et placement du Quebec both beat benchmark index returns for the first half of 2021.
As of June 30, 2021, the AlMCo earned a year-to-date total fund return of 7.3 per cent, surpassing its benchmark by 3.5 per cent, according to a press release. “Client portfolios continued to perform well amidst dynamic market conditions, generating $4 billion of value-add above benchmarks over the first half of 2021,” said Dale MacMaster, chief investment officer, in the release. “This outcome has been driven by solid performance in all asset portfolios, notably public and private equity. Despite rising yields during the early part of 2021, fixed income also contributed to AIMCo’s strong second quarter performance.”
Meanwhile, the Caisse also beat its benchmark index’s return in the first six months of this year. The Caisse earned a return of 5.6 per cent in the first half of the year — ahead of the benchmark index’s 4.4 per cent return, said a press release.
“In the first half of 2021, our teams continued to position the portfolios to navigate a new environment, especially in real estate and equity markets, where ongoing initiatives are already producing tangible results,” said Charles Emond, president and chief executive officer of the Caisse, in the release. “Overall, the portfolios each played their part in the performance delivered. During the period, we also increased our exposure to promising sectors, such as logistics and technology.”