CPP Investment Board announces 0.9% gain in fiscal first quarter

CCP ended the quarter - the first of its fiscal year - with net assets of C$153.2 billion ($154 billion), an increase of about C$5 billion from the March 31 quarter. Investment income was responsible for C$1.3 billion of the increase, representing a 0.9% return.

At the end of the quarter, CPP had 51.8% of its investment portfolio in equities - 36.1% in public equities and 15.7% in private equities. A further 31.1% of its portfolio was in fixed-income securities and 17.1% in inflation-sensitive assets including real estate, infrastructure and inflation-linked bonds.

CPP's equity allocation of 51.8% at the end of June was down from the 53.5% at the end of March, while the fixed-income allocation rose to 31.1% from about 30.1% over that period. The fund's 17.1% allocation at the end of June in inflation-sensitive assets was up from 16.4%.

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• Topics
• North America
• Performance
• LPs
• CPP Investment Board