Global equities fueled the strong returns, despite the economic impact of war in the Middle East and choked supply chains, according to Northern Trust.
It is the first time the city’s pension funds have solicited managers for public equity index services in nearly a decade.
While most forecasts are optimistic for next year, volatility is projected to continue, likely resulting in a variety of strategies rising to navigate it.
Institutions might be willing to maintain their bet on concentrated markets, if top-performing equities grind higher.
The robust returns raised the pension giant’s asset value to C$777.5 billion.
The world’s largest endowment also bought 1 million shares of Amazon, despite cutting back sharply on Alphabet, Meta and Microsoft.
Investors are increasingly seeking to customize their investments to their specific mandates.
The performance raised the plans’ year-to-date return to 9.6%.
Equities were responsible for the sovereign wealth fund’s 8.6% first half gains.