Newspaper article The Canadian Press

Caisse Earns Two per Cent Return on Investment, Beating Benchmark

Newspaper article The Canadian Press

Caisse Earns Two per Cent Return on Investment, Beating Benchmark

Article excerpt

Caisse earns 2 per cent return in six months

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MONTREAL - The Caisse de depot et placement du Quebec says it gained a two per cent return on investment in the first six months of the year, above its benchmark portfolio.

At the end of June, the pension fund manager had $254.9 billion of net assets, up $1.6 billion from the end of December.

It said the results beat the 1.3-per-cent growth by its comparative portfolio.

Over the past five years, the weighted average annual return was 9.2 per cent, generating $86.8 billion in investment results.

The Caisse's chief executive Michael Sabia said the global economy has led to more volatility in stock and currency markets over the last 12 months.

There has also been greater political instability in parts of the world, economic rebalancing in China, lower corporate profits in the U. …

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