Canada Pension Plans investment board racks up 89 return more than enough

first_img Twitter Facebook Join the conversation → Canada Pension Plan’s investment board racks up 8.9% return, more than enough to sustain fund until 2090 CPPIB adds $35.9 billion to assets May 15, 201912:40 PM EDT Filed under News FP Street CPPIB’s fiscal fourth quarter showed a recovery from a weak return of 1.1 per cent in the third quarter that was affected by a general downturn in stock markets in December.Getty Images Share this storyCanada Pension Plan’s investment board racks up 8.9% return, more than enough to sustain fund until 2090 Tumblr Pinterest Google+ LinkedIn Email Reddit advertisement What you need to know about passing the family cottage to the next generationcenter_img 18 Comments Recommended For YouU.S. FDA approves Karyopharm Therapeutics’ blood cancer drugOntario Cannabis Store pulls affected CannTrust products amid Health Canada probeUPDATE 2-FDA approves expanded label for Regeneron/Sanofi’s DupixentTrump pick for Fed seat says doesn’t want to pull rug from under market -CNBCAP Explains: US sanctions on Huawei bite, but who gets hurt? The Canadian Press More Featured Stories TORONTO — Canada Pension Plan Investment Board recovered from a weak quarter in late 2018 to produce a solid 8.9 per cent net return for its most recent financial year.The Toronto-based investment manager for the Canada Pension Plan said its CPP Fund had $392.0 billion of net assets as of March 31, up $35.9 billion from the end of the 2018 financial year after all costs.The fiscal fourth quarter also showed a recovery from a weak return of 1.1 per cent in the third quarter that was affected by a general downturn in stock markets in December.CPPIB’s five-year real rate of return, which adjusts for inflation, was 8.9 per cent as of March 31 while the 10-year real rate of return was 9.2 per cent.Those returns are well ahead of what the Chief Actuary of Canada has determined to be necessary to sustain the Canada Pension Plan to at least 2090.Related Stories:Cintas Corporation Announces Record Fiscal 2019 Results Sponsored By: Comment ← Previous Next →last_img

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