Canada Pension Plan, Ottawa, reported C$192.8 billion (US$183.7 billion) in total assets as of Sept. 30, up 2.1% from three months earlier and 5.2% higher than at the beginning of its fiscal year on April 1.
Most of the quarterly increase in assets — C$3.3 billion — came from a 1.8% return on investments in the quarter, with the remaining C$600 million coming from contributions, the CPP Investment Board, Toronto, which manages CPP's assets, said in a news release.
For the six months ended Sept. 30, a 2.9% investment return brought in C$5.1 billion in net investment income, while C$4.4 billion came from contributions.
“Domestic and foreign equity markets and gains in each of our active investment programs contributed to the increase in the CPP fund during the quarter,” Mark Wiseman, president and CEO of the CPP Investment Board, said in the release.
For the five years ended Sept. 30, CPP investments had an annualized real rate of return of 5.1%, with an annualized 4.9% real return for the 10 years ended that same date.
The CPP asset mix as of Sept. 30 was 33.4% public equities, compared with 31.8% three months earlier; 32.3% fixed income, vs. 33.6%; 17.2% private equity, vs. 17.7%; 11.4% real estate, vs. 11.1%; and 5.7% infrastructure, vs. 5.8%.