The funded status of the Segal Group Inc.’s model multi-employer pension plan dipped to 98 per cent during the first quarter of 2018, down from 101 per cent in the third quarter of 2017, according to a new report. Canadian equities took the lead in dragging the fund lower, partially due to its higher weighting […]
Canadian institutional investors that use exchange-traded funds allocate an average 18.8 per cent of total assets to them, according to research by Greenwich Associates. The research, which interviewed 52 global institutional investors, found that the primary driver behind the increased use of ETFs for Canadians is their versatility. Some 70 per cent of participants characterized their ETF […]
Canadian defined benefit pension plans held steady in positive territory in the first quarter of 2018 with returns of 0.2 per cent, according to RBC Investor and Treasury Services. That’s down, however, from returns of 2.9 per cent in the first quarter of 2017 and 4.4 per cent in the final quarter of last year. Canadian equities took […]
Despite significant improvements recently to pension plan solvency levels, the start of 2018 has been a challenging one for institutional investors. Shifting monetary policies have put pressure on bond portfolios, while rising yields have started to affect the equity markets. On the equity side, the S&P/TSX composite index has gone from a high of almost […]
The Caisse de dépôt et placement du Québec is selling its 17,628,911 remaining shares of Quebecor Media Inc. back to Quebecor Inc. for $1.69 billion, representing 18.47 per cent stake in the company. The media organization operates broadcasters, publications and an internet access provider among other assets in Quebec. The agreement marks the final chapter in Quebecor’s plan to gain […]
In spite of volatile public equity markets, the median solvency ratio for Ontario’s defined benefit pension plans was slightly higher at 95 per cent for the first quarter of 2018, compared to 94 per cent at the end of 2017, according to the Financial Services Commission of Ontario’s latest quarterly report. Equity markets were down in the first […]
The Public Sector Pension Investment Board has entered an agreement to purchase the Downsview industrial property owned by Bombardier Inc. in Toronto for $816 million. “This investment is a perfect fit for PSP as it supports our long-term real estate investment strategy,” said Neil Cunningham, president and chief executive officer of PSP Investments. “We have […]
For the first quarter of 2018, diversified pooled fund managers saw a median return of minus 0.7 per cent before management fees, according to new data from Morneau Shepell Ltd. The report showed that while returns were negative, a decrease in pension liabilities overall outweighed the poor performance of pooled funds, resulting in a modest improvement […]
Report from Unigestion says Japanese equities poised for growth
The Canada Pension Plan Investment Board has agreed to buy a 50 per cent equity stake in a British business park for $329.6 million from Hermes Investment Management. Milton Park, which is located in Britain’s Thames Valley, provides space for established science and technology companies, as well as spin-off organizations from the University of Oxford. […]