The Alberta Investment Management Corp. is reporting a net return of 5.4 per cent for the first half of 2024.
During the six-month period ending June 30, 2024, the AIMCo’s total assets under management were $168.9 billion. The investment organization’s balanced fund — a composite of client accounts that invest in money market and fixed income, public equities and absolute return — returned 5.6 per cent halfway through the year, equivalent to $6.7 billion.
Read: AIMCo returns 6.9% in 2023, driven by equities, fixed income
Despite a certain amount of volatility, the investment organization’s public equities portfolio was the primary driver of the mid-year return. It also credited positive returns from infrastructure and renewable resources, mortgages, private debt and loan and private equity.
However, the AIMCo also noted bond yields in Canada and the U.S. fluctuated due to monetary policy outlook adjustments from central banking authorities.
Read: AIMCo reporting 4.5% return in first half of 2023, lifted by global equities