Canada Pension Plan Investment Board, Toronto, returned 0.9% for the first quarter of fiscal year 2012, which ended June 30, for a net increase of C$5 billion (US$5.05 billion) to the C$153.2 billion fund, confirmed spokeswoman Linda Sims.
The increase was a result of C$1.3 billion in investment income and C$3.8 billion in excess contributions.
Although major equity indexes were down, “the fund's private equity holdings and real estate portfolio helped deliver positive results overall,” David Denison, CPPIB president and CEO, said in a news release. A breakdown of the private equity and real estate returns for the quarter was not available, Ms. Sims said in a telephone interview.
For the five-year period ended June 30, the fund has returned an annualized 4%, and for 10 years, 6%.
The fund's asset mix at the end of the first quarter was 36.1% equities, 31.1% fixed income, 15.7% private equity, 8.2% real estate, 6.2% infrastructure and 2.7% inflation-linked bonds.
