Canadian Pension Plan Investment Board, Toronto, reported investment returns of 1.8% for the quarter ended Dec. 31, according to a news release from the C$123.9 billion (US$117.9 billion) fund.
CPPIB generated C$2.2 billion in investment income for the quarter, primarily from public equity investments.
The fund has grown C$18.4 billion for the nine-month period since April 1, the beginning of the fund’s fiscal year.
“By staying the course with our long-term strategy and strategic asset weightings, including public equities, the fund has benefited from the rebound in equity markets around the world,” David Denison, president and CEO of the board, said in the release.
The system’s asset allocation is 43.9% public equities, 30% fixed income, 12.2% private equities, 5.8% real estate, 4.9% infrastructure and 3.2% inflation-linked bonds.
CPPIB spokeswoman May Chong could not be reached for comment.