Public Equities, AI Investor Optimism Fuel CPP Investments’ 5.4% Q2 Return
The robust returns raised the pension giant’s asset value to C$777.5 billion.
The robust returns raised the pension giant’s asset value to C$777.5 billion.
Tech stocks remained the $527.3 billion pension fund’s top holdings, led by Nvidia, Microsoft, and Apple, despite dumping 22% of its Alphabet shares.
The pension giant’s latest ventures in Brazil and South Korea bring its January deal total to four.
The C$648.8 billion pension giant will own a 90% stake, while real estate firm Kennedy Wilson will take a 10% interest and manage the operation.
The Canadian pension fund previously owned a 61.4% stake in Iguá Saneamento.
Public and private assets helped the pension fund swing from a loss one year earlier to raise its asset value to $471.5 billion.
Priti Singh, the fund’s capital markets factor investing head, has been promoted to CRO, while Heather Tobin succeeds her.