Canada Pension Plan, Ottawa, had C$201.5 billion (US$183.6 billion) in assets as of Dec. 31, a 4.5% increase from three months earlier and 16.7% more than the end of 2012.
It’s the first time the pension fund has had more than C$200 billion in assets, Mark Wiseman, president and CEO of the Canada Pension Plan Investment Board, Toronto, said in a news release. CPP Investment Board manages the pension plan’s assets
The plan’s investments returned 5.9% in the fourth quarter, bringing in C$11.1 billion in net investment income. That was partially offset by C$2.4 billion in cash outflows in the quarter.
The pension fund’s investments had a five-year annualized real rate of return of 7.2%, and an annualized 4.9% return for 10 years, both ended Dec. 31.
The plan had an asset allocation as of Dec. 31 of 33.3% fixed income, 32.1% public equities, 18.1% private equity, 10.9% real estate and 5.6% infrastructure.
Linda Sims, CPPIB spokeswoman, said the board does not provide quarterly returns for individual asset classes but will disclose fiscal-year asset class returns in May.