Canada Pension Plan assets rise 13.4% in fiscal year

Canada Pension Plan had C$183.3 billion (US$180.3 billion) in assets for the fiscal year ended March 31, up 13.4% from 12 months earlier, on the strength of C$16.2 billion in net investment income, according to Linda Sims, spokeswoman for the CPP Investment Board, Toronto, which oversees the plan's assets.

The pension fund's investments had a gross return of 10.1% in the most recent fiscal year, and C$5.5 billion came from CPP contributions.

In the previous fiscal year, the pension fund earned C$9.5 billion in net investment income and received C$3.9 billion in contributions.

“All of CPPIB's diverse investment programs played a part in delivering the fund's substantial increase in assets in fiscal 2013,” Mark Wiseman, president and CEO of the investment board, said in a news release.

The top-performing asset class in the most recent fiscal year was private foreign developed market equities at 16.8%; public emerging markets equity was the poorest performer at 2.4%.