The Canada Pension Plan Investment Board is reporting net assets of $523 billion for the first quarter of fiscal 2023, down from $539 billion at the end of the previous quarter. The $16 billion decrease consisted of a net loss of $23 billion and $7 billion in net transfers from the Canada Pension Plan, according […]
While institutional investors are no strangers to established markets such as Europe and the U.S., the world’s emerging and frontier markets can provide diversification and opportunities for lucrative returns. Not surprisingly, events such as the coronavirus pandemic and a shifting geopolitical landscape are influencing these decisions in 2022 and beyond. In recent months, Russia’s invasion […]
Building a defined contribution pension plan’s investment portfolio should incorporate the benefits and drawbacks of various historical regimes to provide a strong foundation, said Ruthann Pritchard, institutional portfolio manager for global asset allocation at Fidelity Investments, during a session at Benefits Canada‘s 2022 DC Plan Summit. “A robust glide path has to consider all of […]
The Caisse de dépôt et placement du Québec is leading a funding round for a customer engagement software provider. During a US$105 million investment round for CleverTap, a California-based company providing a subscription-based online marketing platform to 1,200 digital consumer brands, the investment organization provided US$75 million. According to a press release, the funds will […]
Canada’s defined benefit pension plans saw median returns of negative 7.33 per cent in the second quarter of 2022, according to the BNY Mellon Canadian master trust universe. It found the one-year median return as of June 30, 2022 was negative 8.25 per cent, while the median 10-year annualized return was 7.45 per cent. Among […]
With the increased focus on integrating environmental, social and governance factors into pension plans, a new approach by BlackRock Inc. could have a significant impact on many Canadian defined contribution pension plans, group registered retirement savings plans and other types of workplace capital accumulation plans. The money manager recently announced it will be adopting an ESG approach […]
Despite year-to-date asset losses and historically high levels of inflation, most Canadian defined benefit pension plans are reporting increased funded positions in the second quarter of 2022, according to a report by Mercer Canada. It found the median solvency ratio increased from 108 per cent as at March 31 to 109 per cent as at […]
Higher long-term bond yields driven by rising interest rates are lowering the cost of annuity purchases for defined benefit pension plans, says Mary Kate Archibald, a principal at Eckler Ltd. Since January, the cost of an annuity purchase has decreased by between 10 and 15 per cent, as long-term bond yields increased from 1.7 to […]
The market value of assets held by Canadian trusteed pension funds increased 4.2 per cent to $2.27 trillion in the fourth quarter of 2021, up from $2.18 trillion in the previous quarter, according to new data from Statistics Canada. Within trusteed plans, public sector assets grew five per cent to $1.78 trillion, accounting for 78 per cent […]
The Public Sector Pension Investment Board returned 10.9 per cent — or $19.7 billion — across is total portfolio in the 2022 fiscal year. Between April 1, 2021 and March 31, 2022, the institutional investor’s assets under management grew from $204.5 billion to $230.47 billion, an increase of 12.7 per cent. The results raised PSP […]