Quebec fund manager CDPQ earned 4.2% in first 6 months of 2023
The Caisse de dépôt et placement du Québec (CDPQ) has reported a return of 4.2 percent in the first six months of the year.
The earning is in line with its benchmark portfolio’s 4.1 percent. During the past five years, the average annualized return was 6 percent, above the benchmark portfolio’s 5 percent return, which represents more than C$18 billion ($13.3 billion) in value added for its depositors. During the past 10 years, the average annualized return was 7.9 percent, also higher than its benchmark portfolio’s 7 percent, producing nearly C$30 billion ($22 billion) in value added.
“Over the last three years, we’ve adjusted our portfolio to reinforce our capacity to withstand market volatility. This enabled us to generate returns that ensure the financial strength of our depositors’ plans,” said Charles Emond, president and CEO of CDPQ. “The many contradictory signals confronting investors — the direction of inflation