The Public Sector Pension Investment Board (PSP Investments) ended its fiscal year on March 31, 2024, with a 7.2 percent one-year net portfolio return and with strong performances delivered by the Public Market Equities, Infrastructure, and Credit Investments portfolios. This performance continues PSP Investments’ track record of delivering strong long-term returns through a total fund approach to portfolio construction and through the benefits of active management.
Net assets under management grew to C$264.9 billion ($198.8 billion), up 8.7 percent from C$243.7 billion ($177.4 billion) at the end of the previous fiscal year. Net transfers received from the federal government represented C$3.5 billion ($2.6 billion), and C$17.8 billion ($13.0 billion) of net income was generated.
PSP Investments takes a long-term investment approach that considers pension funding risk and measures success at the total fund level through the following performance objectives: