(Toronto) The Canada Pension Plan Investment Board has seen its net assets grow 4.2% over the past three months, delivering a record 10-year annualized net return of 11.6%.
RPC Investments’ net assets totaled $ 541.5 billion at the end of the most recent quarter, ended September 30, compared to $ 519.6 billion at the end of the previous quarter.
The fund, which consists of the basic CPP account and the additional CPP account, generated a return of 3.8% in the second quarter, net of all costs.
The $ 21.9 billion increase in net assets included net income of $ 19.8 billion after costs, and net CPP contributions of $ 2.1 billion.
Quarterly results, according to CEO John Graham, were fueled by the increase in the value of private equity programs, the contribution of real assets and investments in credit instruments, as well as the profits of change, as the Caisse benefited from the recovery of the US dollar against the Canadian dollar.
The annualized net return of 11.6% is a testament to the benefits of diversification and “investment selection”.
Public company equity programs remained stable.
“As we recover from the impact of the global pandemic, our teams continue to execute strategies across the organization to generate long-term, sustainable growth for the credit union,” Graham said in a commentary. communicated.