The Canada Pension Plan Investment Board (CPP Investments) ended the second quarter of fiscal 2021 with C$456.7 billion ($349 billion) in net assets, a $22.3 billion increase from the previous quarter.
The fund increased by C$47.1 billion ($36 billion), consisting of C$44.5 billion ($34 billion) in net income after all CPP Investments costs in addition to C$2.6 billion ($2 billion) in net CPP contributions for the six-month fiscal year-to-date period. For the period, the fund returned 10.8 percent net of all CPP Investments costs.
“CPP Investments’ diversified fund performed well this quarter, generating strong returns. However, we continue to be cautious about the months ahead given the highly uncertain economic fallout of COVID-19 and its effect on markets,” noted Mark Machin, president and CEO of CPP Investments.
The fund, which includes the combination of the base CPP and additional CPP accounts, achieved 10-year and five-year annualized net nominal re
