CPP Investments ends quarter at 3.5% return

The Canada Pension Plan Investment Board (CPP Investments) concluded the quarter ending June 30 with C$519.6 billion ($415 billion) of net assets and a 3.5 percent return, according to various news reports.

CPP Investments reported a net income of C$17.7 billion ($14 billion) after all CPP Investments costs for the first quarter of fiscal year 2022.

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

The results were driven by strength in public equity markets, gains from its private equity and real assets programs — which is composed of real estate and infrastructure — and contributions from credit investments, according to Coast Mountain News.