The Canada Pension Plan Investment Board said it earned a net return of 5.4 per cent for its second quarter.
The board said the increase helped bring its net assets to $777.5 billion on Sept. 30, up from $731.7 billion at the end of the previous quarter. The increase in net assets for the quarter included $39.8 billion in net income and $6.0 billion in net transfers from the Canada Pension Plan.
Read: CPPIB returns 1% in fiscal Q1 2026, net assets total $731.7 billion
The pension fund manager said the gains for the quarter were driven by strength in public equities, reflecting investor optimism around artificial intelligence, resilient corporate earnings and expectations of continued monetary easing in developed markets.
It said its investments in private assets — particularly in credit, private equity, infrastructure and energy — also performed well.
CPPIB chief executive John Graham said the fund continues to benefit from a diversified approach and from owning high-quality assets around the world.
Read: CPPIB CEO encouraged by domestic policies attracting global investment