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CPPIB sees 5.6% return for first fiscal quarter

mschmit — Fri, 14 Aug 2020 11:15:49 +0000

The Canada Pension Plan Investment Board posted a 5.6 per cent net return for its first 2021 fiscal quarter, which ended June 30, 2020. The quarter saw the CPPIB’s net assets grow to $434.4 billion from the $409.6 billion it held at the end of its 2020 fiscal year, which ended March 31, 2020. The […]

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Bloomberg launching proprietary ESG scores

mschmit — Thu, 13 Aug 2020 04:45:14 +0000

Institutional investors looking to score potential investments on environmental, social and governance factors now have a new option. Bloomberg is launching its own set of ESG scores, available to its terminal users. Initially, 252 companies in the oil and gas sector will receive environmental and social scores and more than 4,300 companies across several industries will be scored on […]

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Yes, Canadian pension plans actually do outperform their global peers: study

mschmit — Wed, 12 Aug 2020 05:15:48 +0000

While Canadian pension plans hold a quiet confidence, it turns out they actually do outperform their international peers when it comes to asset performance and liability hedging, according to a research paper from McGill University and CEM Benchmarking. The paper found Canadian plans achieve this outperformance using a three-pillar model: managing assets in-house to reduce costs, redeploying […]

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U.S. shopping centres substantial headwind for Caisse in first half of 2020

mschmit — Mon, 10 Aug 2020 11:30:29 +0000

The Caisse de dépôt et placement du Québec had a challenging first half of 2020, posting a negative 2.3 per cent return. However, the pension fund remains in a strong financial position, according to president and chief executive officer Charles Emond, holding assets of more than $333 billion and with an 8.7 per cent annualized return over […]

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Public equity performance boosts Canadian DB plans in second quarter: report

mschmit — Tue, 04 Aug 2020 11:00:59 +0000

Strong public market performance helped Canadian defined benefit pension plans reverse their first-quarter losses, according to a new report by BNY Mellon Asset Management Canada. The median second quarter return for the 84 Canadian corporate, public and university pension plans in BNY Mellon’s Canadian master trust universe was 9.23 per cent, up from the first quarter median […]

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Canadian DB pensions holding about equal weight in stocks, fixed income: PIAC

mschmit — Mon, 27 Jul 2020 11:15:35 +0000

Canadian defined benefit plan sponsors are holding an almost equal amount of fixed income and equity in their portfolios, according to the Pension Investment Association of Canada’s 2019 asset mix report. The report found the PIAC’s membership reported a total of more than $2.2 trillion under management last year, up from just under $2.1 trillion in 2018. As well, […]

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CPPIB shedding shares of Canadian gold mine developer

mschmit — Mon, 27 Jul 2020 11:00:41 +0000

CPPIB Credit Investments Inc., a wholly owned subsidiary of the Canada Pension Plan Investment Board, is selling 10 million shares in Battle North Gold Corp. The shares of the Canadian gold mine developer, formerly known as Rubicon Minerals Corp., sold for $1.85 per share for a total aggregate sale price of $18.5 million. Read: Caisse buying return royalty […]

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How have investment factors performed during the coronavirus stock market turmoil?

mschmit — Mon, 20 Jul 2020 05:15:55 +0000

During 2020’s second quarter rebound, U.S. equities saw stronger performance than other developed markets like the U.K. and the rest of Europe. However, during the coronavirus pandemic so far, factors have moved largely in tandem in those geographies, according to Philip Lawlor, managing director and head of global investment research at FTSE Russell, during a webinar […]

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PSP sees -0.6% return for fiscal year

mschmit — Mon, 13 Jul 2020 04:45:50 +0000

The Public Sector Pension Investment Board saw a negative 0.6 per cent return for its last fiscal year, which ended March 31, 2020. Severe market declines in the lead up to the end of March took a heavy toll. However, the fund did outperform its reference portfolio’s benchmark, which posted a negative 2.2 per cent […]

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What’s keeping ESG rankings so convoluted?

mschmit — Fri, 10 Jul 2020 05:00:42 +0000

With its recent acquisition of environmental, social and governance data analytics provider Sustainalytics, Morningstar Inc. is taking aim at the disparate ESG disclosure requirements still hampering the investment industry. In a recent report, Morningstar sussed out some of the issues hindering ESG measurement tools. “Simply put, ESG disclosures from issuers are all too often inconsistent and […]

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