CPPIB Loses 0.7% On Half Year

Posted on 11/13/2023

A 0.7% investment loss impacted Canada Pension Plan Investment Board in H1 FY24 but the fund still managed to increase assets by CA$ 6 billion thanks to CA$ 10 billion in contributions. CPPIB assets sit at CA$ 576 billion. 10 year returns are 9.6%, 5 year returns are now 7.3%.

President and CEO John Graham wrote: “Our diversified portfolio remains resilient, and while we expect these challenging investing conditions to persist for the near term, we are confident that our active management strategy will continue to deliver positive long-term results for CPP contributors and beneficiaries.”

Fixed-income losses and public equities were the primary losers in the portfolio.

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