Ontario Pension Board, which manages assets for the Public Service Pension Plan, Toronto, returned 8.4% on its investments in 2014, helping raise its overall assets to C$22 billion ($17.6 billion), said preliminary results released Thursday.
The pension plan’s funded status was 98% as of Dec. 31, up two percentage points from the previous year.
In 2013, OPB’s investments returned 12.5%, according to its website.
Public market investments, which include public market equity, fixed income and cash, returned 8.8%, while private markets investments consisting of real estate, private equity and infrastructure, returned 6.3%.
Specifics of OPB’s asset mix as of Dec. 31 were not released. Its asset allocation as of Dec. 31, 2013, was 23.7% global equities, 22.8% Canadian fixed income, 15.5% emerging markets equities, 14% real estate, 8% cash and short-term investments, 7.6% Canadian equities, 3.6% global fixed income, 2.5% infrastructure, 1.8% special Ontario debt and 0.5% private equity.
Further financial information will not be released until OPB presents its annual report to the Ontario Legislature later this year, said Stephanie Woodward, OPB spokeswoman.