Canadian corporate and public pension plans in the RBC Investor & Treasury Services universe saw a median gross return of 4.4% in the three months ended June 30.
A news release Thursday cited strong performance by Canadian equities, which returned a median gross 7.9% for the second quarter.
The S&P/TSX Composite index returned 8.5% in the quarter ended June 30, primarily driven by solid performances in the information technology, energy and financial sectors, the news release said.
"Canadian pension plans have generated an impressive 22.6% cumulative return on their assets since the violent sell-off in Q1 2020," said David Linds, managing director and head of asset servicing, Canada, in the news release.
"This reflects the market's optimism over the sooner-than-expected reopening of the global economy due to the increased availability and uptake of vaccines in the developed world," Mr. Linds said.
Canadian pension plan's foreign equities returned a median 5.2% for the three months ended June 30, while fixed income returned a median 3%, according to the news release.
The universe had seen a small decline of 0.2% in the first quarter and had a median return of 9.6% in the second quarter of 2020.