Ontario Pension Board Returns 10.8% in 2017
Fund’s investments were managed by government-created management corporation for the first time.
Fund’s investments were managed by government-created management corporation for the first time.
Fund manager reports that some ‘ethical exclusions’ have lowered the fund’s performance.
Annual return nearly doubles earnings from previous year.
The world’s largest pension fund now owns 1.4% of all shares worldwide.
Canada’s second-largest pension fund manager reports five-year return of 10.2%.
Fund’s capital rises nearly $3.7 billion to $43.6 billion in 2017.
Total assets gain C$8.9 billion to reach record high of C$337.1 billion.
Fund adds $4.9 billion for total assets of $126.9 billion.
Fund to continue its mission of implementing ESG practices into all investment decisions in 2018.
Low interest rates, and a rising global economy boosted returns.
Pension fund assets grew $9.2 billion to $98.3 billion.
Portfolio gains led by public equities, which returned nearly 20%.
Board also approves $175 million in new commitments.
Foreign, domestic equities help the fund earn $39 billion for the fiscal second quarter.
Asset value rises to $8.2 billion under ‘Back to Basics’ strategy.