CPPIB reports Q2 return of 1.9%; CPP Fund net assets grow to $170.1B | iNFOnews | Thompson-Okanagan's News Source

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CPPIB reports Q2 return of 1.9%; CPP Fund net assets grow to $170.1B

The corporate logo of CPP Investment Board (CPPIB) is shown. THE CANADIAN PRESS/HO
November 09, 2012 - 9:53 AM

TORONTO - The CPP Investment Board says its investment portfolio produced a return of 1.9 per cent in the second quarter.

The board, which invests funds on behalf of the Canada Pension Plan, says the CPP Fund had net assets of $170.1 billion as of Sept. 30, up from $165.8 billion at the end of the previous quarter.

The $4.3-billion increase in net assets after operating expenses resulted from $3.1 billion in investment income and $1.3 billion in net CPP contributions.

The CPP Investment Board is a professional investment management organization that invests the funds not needed by the Canada Pension Plan to pay current benefits on behalf of 18 million Canadian contributors and beneficiaries.

It's diversified portfolio includes public and private equities, real estate, infrastructure and fixed income instruments.

News from © The Canadian Press, 2012
The Canadian Press

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