![CPP fund assets top $190 billion](https://www.benefitscanada.com/wp-content/uploads/sites/7/2012/12/investment-chart-hand.jpg)
The Canada Pension Plan (CPP) fund ended the second quarter of fiscal year 2014 with net assets of $192.8 billion, compared with $188.9 billion at the end of the previous quarter.
The $3.9-billion increase in assets for the quarter consisted of $3.3 billion in net investment income after operating costs and $600 million in net CPP contributions.
The portfolio delivered a gross investment return of 1.8% for the quarter.
“Domestic and foreign equity markets, and gains in each of our active investment programs, contributed to the increase in the CPP fund during the quarter,” says Mark Wiseman, president and CEO of the CPP Investment Board (CPPIB). “We continue to diversify the portfolio, and during the reporting period we made significant investments in eight different countries.”
During the quarter, the CPPIB acquired a stake in American retailer Neiman Marcus and made real estate investments in South Korea, the United States, the United Kingdom, Brazil, China and Canada.
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