Canada Pension Plans investment board racks up 89 return more than enough

first_img Sponsored By: More CPPIB’s fiscal fourth quarter showed a recovery from a weak return of 1.1 per cent in the third quarter that was affected by a general downturn in stock markets in December.Getty Images What you need to know about passing the family cottage to the next generation advertisement Comment ← Previous Next → Recommended For YouTelecom customers hit by widespread outages to voice servicesSan Francisco to become first major U.S. city to ban e-cigarette sales’Friends’ is leaving Netflix in 2020 for new HBO Max streaming serviceCORRECTED-Disney poaches Netflix film-making chief for streaming service – DeadlineThe storm is coming and investors need a financial ark to see them through Featured Stories May 15, 201912:40 PM EDT Filed under News FP Street Emailcenter_img 18 Comments TORONTO — Canada Pension Plan Investment Board recovered from a weak quarter in late 2018 to produce a solid 8.9 per cent net return for its most recent financial year.The Toronto-based investment manager for the Canada Pension Plan said its CPP Fund had $392.0 billion of net assets as of March 31, up $35.9 billion from the end of the 2018 financial year after all costs.The fiscal fourth quarter also showed a recovery from a weak return of 1.1 per cent in the third quarter that was affected by a general downturn in stock markets in December.CPPIB’s five-year real rate of return, which adjusts for inflation, was 8.9 per cent as of March 31 while the 10-year real rate of return was 9.2 per cent.Those returns are well ahead of what the Chief Actuary of Canada has determined to be necessary to sustain the Canada Pension Plan to at least 2090.Related Stories:Cintas Corporation Announces Record Fiscal 2019 Results Canada Pension Plan’s investment board racks up 8.9% return, more than enough to sustain fund until 2090 CPPIB adds $35.9 billion to assets Facebook Share this storyCanada Pension Plan’s investment board racks up 8.9% return, more than enough to sustain fund until 2090 Tumblr Pinterest Google+ LinkedIn Twitter Reddit Join the conversation → The Canadian Press last_img

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