CPP Investment Board, Toronto, returned 1% for the quarter ended June 30. Investment returns, along with the funds C$3.8 billion (US$3.6 billion) in government contributions, brought total assets to C$127.7 billion, the board reported.
Financial markets had a positive impact on the investment portfolio overall this quarter, as Canadian equity markets rose 8.6% on the strength of higher commodity prices and energy stocks, which more than offset a decline of 3.4% in other markets due to the ongoing effects of the credit crisis, David Denison, president and CEO, said in a news release.
The boards asset allocation as of June 30 was 38.4% international equity, 25.8% fixed income, 23.6% domestic equity, 5.6% real estate, 4% inflation-linked bonds and 2.6% infrastructure. Private equity constitutes about 22.5% of total equities and 11% of total assets.