Canada Pension Has 3.5% Quarterly Return on Equities Gains

(Bloomberg) -- Canada Pension Plan Investment Board, the country’s largest pension fund, returned 3.5% in the quarter ended June 30, boosted by gains in public and private equities.

The fund’s growth to C$519.6 billion ($415 billion) was also attributed to advances in real assets and credit investments, CPPIB said in a statement on Friday, though a stronger Canadian dollar offset some gains. CPPIB holds C$282.5 billion in public and private equities.

“CPP Investments delivered solid results to open the fiscal year, vaulting the Fund well beyond the half-trillion mark in assets,” Chief Executive Officer John Graham said in the statement. “Diversification from active management continues to drive long-term performance as strong 10-year returns help bolster the sustainability of the fund.”

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