Canada Pension Plans equity investment performance beat its benchmark by 838 basis points for the fiscal year ended March 31, based on unaudited results, said John A. MacNaughton, president and CEO of the C$49.2 billion ($31.9 billion) plan.
The CPP Investment Board, which manages the Toronto-based funds C$7.2 billion in equities, returned –9.4% for the year ended March 31. Its benchmark, a combination of the TSE 300, S&P 500 and the MSCI EAFE indexes, was down 17.8% for the year.
Equity assets comprise 14% of the funds assets; thats up from C$2.4 billion a year earlier. The balance of the plans assets are in fixed income.