Canada Pension Plan Investment Board (CPP Investments) ended its first quarter of fiscal 2025 on June 30, with C$646.8 billion ($475 billion) of net assets, compared with C$632.3 billion ($464 billion) at the end of the previous quarter.
According to CPP Investments’ latest performance report, the C$14.4 billion ($10.6 billion) increase in net assets for the quarter consisted of C$6.3 billion ($4.6 billion) in net income and C$8.1 billion ($5.9 billion) in net transfers from the Canada Pension Plan (CPP).
The fund, which consists of the base CPP and additional CPP accounts, achieved a 10-year annualized net return of 9.1 percent. For the quarter, the fund’s net return was 1.0 percent. Since its inception in 1999, and including the first quarter of fiscal 2025, CPP Investments has contributed C$438.6 billion ($322 billion) in cumulative net income to the fund.
“Our diversified portfolio is performing as designed with gains across most asset classes,” said
