CPP Investment Board, Toronto, reported that assets in the CPP reserve fund totaled C$87 billion (US$72.4 billion) in the fiscal first quarter ended June 30, said John Cappelletti, spokesman for the board. The reserve fund returned 3.6% for the quarter, earning C$3 billion on its investments. The reserve fund returned 2.2% on its investments in the prior quarter and 8.5% for the year ended March 31.
The reserve fund's asset allocation as of June 30 was 55.2% public equities, 33.1% government bonds, 4.1% cash, 4% real return assets and 3.6% private equity.
The CPP Investment Board invests money not needed by the C$77.2 billion Canada Pension Plan, Ottawa, to pay current pensions.
