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Pension Funds

Canada Pension Plan reports 1.8% return for quarter

Canada Pension Plan, Ottawa, returned a net 1.8% in the quarter ended June 30, helping to increase its total assets to C$326.5 billion ($250.7 billion).

The plan had annualized net nominal returns of 12.1% for five years and 6.9% for 10 years, both as of June 30, according to a news release from the Canada Pension Plan Investment Board, Toronto, which manages the plan's assets.

For the latest quarter, CPP had net investment income of C$5.7 billion and C$4.1 billion in net plan contributions.

Total assets were up 3% from the previous quarter. Information on CPP's returns for the quarter ended March 31 were not immediately available.

Returns from global equity and fixed income more than offset the impact of the rising Canadian dollar against most major currencies, Mark Machin, CPPIB president and CEO, said in the release. The CPPIB does not break out individual asset-class returns by quarter.

As of June 30, CPP's actual allocation was 38.9% public equities, 26.7% fixed income, 18.3% private equity, 12.6% real estate, and the remainder in infrastructure, credit and absolute-return strategies.

Its asset allocation as of March 31 was 36.9% public equities, 25.9% fixed income, 18.5% private equity, 12.6% real estate and the rest in infrastructure, credit and absolute return.