CPPIB Ended 2023 With CA$ 590.8 Billion

Posted on 02/16/2024

Canada Pension Plan Investment Board ended its third quarter of fiscal 2024 on December 31, 2023 with net assets of CA$ 590.8 billion compared to CA$ 576.1 billion at the end of the previous quarter. CPPIB says the CA$ 14.6 billion increase in net assets for the quarter consisted of CA$ 19.3 billion in net income less CA$ 4.7 billion in net outflows. This equates to a 10-year annualized net return of 9.3%.

John Graham, President and CEO said: “Strong performance of global equity and fixed income markets during the final months of calendar 2023 contributed to the Fund’s continued growth. We remain focused on applying our investment capabilities to prudently manage the Fund to deliver long-term value for CPP contributors and beneficiaries.”

Gains in public equity, fixed income, credit, private equity, energy and infrastructure assets contributed positively to results, partially offset by the impact of foreign exchange losses due to a stronger Canadian dollar relative to the U.S. dollar.

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