Caisse de dépôt et placement du Québec (CDPQ) has recorded a 7.7 percent return in 2020, representing C$24.8 billion ($20 billion) in investment results.
The annualized return over five and 10 years was 7.8 percent and 8.6 percent, respectively.
As of Dec. 31, 2020, CDPQ’s net assets totaled C$365.5 billion ($288 billion), up C$117.5 billion ($92.6 billion) over five years.
CDPQ’s return is 1.5 percent lower than its benchmark, primarily due to the real estate portfolio’s underperformance, which was caused by the pandemic’s impact on its shopping centers and office buildings. Conversely, the infrastructure portfolio outperformed its benchmark index.
“In an unprecedented environment characterized by sharp contrasts between the various asset classes, CDPQ delivered returns that, overall, meet the needs of its depositors,” said Charles Emond, president and CEO of CDPQ. “Our infrastructure portfolio showed resilience, due to its diversificati
