Canada Pension Plan, Ottawa, lost a net 0.1% on its investments in the quarter ended June 30.
However, the pension fund, whose assets are managed by the Canada Pension Plan Investment Board, Toronto, saw its overall assets rise 1.5% to C$268.6 billion ($204.4 billion) as of June 30. The net investment loss of C$200 million was more than offset by C$4.2 billion in net contributions, according to a news release Friday from the CPPIB.
The CPP’s investment return was above the aggregate -1.6% return of Canadian defined benefit plans in the RBC Investor & Treasury Services universe during the latest quarter.
The board does not provide quarterly returns for each asset class.
CPP had an annualized nominal rate of return of 12.6% for five years and 7.6% for 10 years, both as of June 30.
Its asset allocation as of June 30 was 33.5% fixed income, 31.8% public equity, 17.7% private equity, 11.4% real estate and 5.6% infrastructure.