Staff
The Canada Pension Plan (CPP) fund produced a 10.1% return in the past year, mostly due to strong returns from its investment portfolio.
The fund ended its fiscal year on March 31, 2013, with net assets of $183.3 billion, compared with $161.6 billion at the end of fiscal 2012.
The $21.7-billion increase in assets for the year consisted of $16.2 billion in net investment income after operating costs and $5.5 billion in net CPP contributions.
“While the strength of public equity markets was the leading factor in the solid annual return this year, CPPIB’s active investment programs also contributed to the portfolio’s performance,” says Mark Wiseman, the CPP Investment Board’s president and CEO.