CPPIB reports 2.5% net return for 6-month FY 2019

The Canada Pension Plan Investment Board (CPPIB) has reported a 2.5 percent net return for the six-month fiscal year-to-date period ending Sept. 30.

The investment portfolio also achieved 10-year and five-year annualized net nominal returns of 9.1 percent and 12.1 percent, respectively, and 0.6 percent for the quarter. These returns are net of all CPPIB costs.

In addition, CPPIB ended its second quarter of fiscal 2019 on Sept. 30 with net assets of $368.3 billion, compared to $366.6 billion at the end of the previous quarter. The $1.7 billion increase in assets for the quarter consisted of $2.3 billion in net income after all CPPIB costs, less $0.6 billion in net Canada Pension Plan (CPP) cash outflows. And for the six-month fiscal year-to-date period, CPPIB increased by $12.2 billion consisting of $8.9 billion in net income after all CPPIB costs, plus $3.3 billion in net CPP cash inflows.

“While returns were relatively flat in the second quarter, our teams pe