The OPSEU Pension Trust is reporting a return of 9.6 per cent in 2024, according to its latest year-end report.
It found, as at Dec. 31, 2024, the plan’s net assets stood at $26.8 billion, up from $25 billion in 2023. The organization also reported a funded status of 100 per cent for the 16th consecutive year.
Public equities (21.3 per cent), private equity (14.4 per cent), multi-strategy investments (9.8 per cent), infrastructure (6.7 per cent) and commodities (1.7 per cent) all generated higher returns than in 2023 (up from 16.6 per cent, 8.7 per cent, seven per cent, 2.7 per cent and negative 2.7 per cent, respectively).
Read: OPTrust returns 5.3% in 2023, marks 15 consecutive years at 100% funded status
Conversely, returns from credit (9.5 per cent) and real estate (negative 4.5 per cent) decreased from last year (12 per cent and negative 1.9 per cent, respectively).
The report noted roughly 46 per cent of the OPTrust’s investments are in the U.S., followed by Canada (34.8 per cent, including 14.9 per cent in Ontario), Europe (10.2 per cent), Asia-Pacific (8.4 per cent) and Latin America (0.6 per cent).
“Our strong return in 2024 is a testament to the success of our diversified investment strategy and the outstanding skill of our investment team,” said Peter Lindley, president and chief executive officer of the OPTrust, in a press release. “As long-term investors, our strength lies in our ability to look past short-term noise to see long-term value.”
Read: OPTrust posts 2.2% net losses in 2022, remains fully funded