The median Canadian balanced pension fund returned 23% for the year ended March 31. That outshines the prior year's 15.6% return and the 16.5% showing for the year ended March 31, 1996, according to SEI.
Actively managed Canadian equity portfolios achieved a median 31.6% return for the year ended March 31, slightly besting the 31.3% return of the TSE 300 Stock Index. For foreign equities, the median return was 35% for the year ended March, vs. 35.9% for the Morgan Stanley Capital International World index and 22.1% for the MSCI EAFE index.
Actively managed bond portfolios returned a median 13.1% for the same one-year period, vs. the 13.2% return of the Scotia Capital Markets Universe Bond Index. And in the short-term category, the median one-year return, ended March, was 3.7%, SEI reported.
SEI's Canadian database covers 2,500 institutional portfolios with total assets of more than C$300 billion (U.S. $209 billion).