OMERS reports 3.1% gain
OMERS generated a net investment return of 3.1 percent, or a gain of C$3.8 billion ($2.8 billion), during the first six months of 2023.
During the 12 months ending June 30, the plan earned a net investment return of 7.8 percent, or a gain of C$9.2 billion ($6.8 billion). Net assets totaled C$127.4 billion ($94.2 billion), an increase of C$7.9 billion ($5.8 billion) during the past 12 months.
“We have had a good start to the year, generating almost C$4 billion [$3 billion] in returns on behalf of our members,” said Blake Hutcheson, OMERS president and CEO. “As a pension plan that pays benefits over generations, we are a long-term investor, and over the last 10 years OMERS has earned an average net return of 7.8 percent, adding more than C$68 billion [$50 billion] to the Plan.”
Jonathan Simmons, OMERS chief financial and strategy officer, said, “These results underscore the value of a well-diversified portfolio. Strong gains in our high-quality public eq