
Canada Pension Plan Returns 11.6% in Fiscal 2018
CEO expects fund to report double-digit losses once every 10 years.
CEO expects fund to report double-digit losses once every 10 years.
Defined benefit plans return 0.2% after gaining 4.4% in previous quarter.
Pensions returned 0.37% during Q1, despite Canadian equities falling 3%.
The 334 pooled funds turn negative after record gains in 2017.
Emmanuel Jaclot will replace Macky Tall effective June 1.
Canada’s second-largest pension fund manager reports five-year return of 10.2%.
Total assets gain C$8.9 billion to reach record high of C$337.1 billion.
Low interest rates, and a rising global economy boosted returns.
US equities were the top-performing asset class.
Regulations still needed for new pension type to take effect.
Strong Q4 equity markets boost funded status ratios across the board.
Investment manager forms joint venture with Votorantim Energia.
Pensions earned 0.55% for the quarter, and 6.14% over the past year.
Energy sector recovery has positive impact on stock market.
Leverage of six largest funds in country has risen to 24% from 19% in 2009.