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CPPIB posts 3-per-cent return as markets rally

CPPIB chief executive officer Mark Wiseman. (Handout)

The Canada Pension Plan Investment Board's portfolio posted a return of 3 per cent in its third quarter, a gain that was boosted by improved global equity markets.

The CPP Fund saw gains of $2.5-billion in net assets through the period, bringing its total assets up to $172.6-billion by the end of its third quarter on Dec. 31, compared to $170.1-billion in the previous quarter.

The increase came from $5.0-billion in investment income and $2.4-billion of seasonal cash outflows.

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A number of notable transactions in the public markets, private investments and real estate propelled the CPP Fund as all investment groups contributed gains in the quarter.

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About the Author
Financial Services Reporter

Jacqueline Nelson is a financial services reporter at the Report on Business. Prior to that she was a staff writer at Canadian Business magazine, covering news and writing features on a wide variety of subjects. More

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