The Workplace Insurance and Safety Employee Trust is reporting a net return of 11.3 per cent for fiscal 2024, with the WSIB Employees’ Pension Plan’s net assets increasing to $4.46 billion.
The trust attributed the result to its collaborative partnership with the Investment Management Corp. of Ontario, which acts as the trust’s exclusive investment manager and has diversified its investments across asset classes.
Read: WISE Trust returns 7.9% in 2023, net assets increase to $4 billion
Indeed, the organization reported strong returns in its Canadian, global and emerging market public equities and global credit portfolios.
“The WISE Trust board of trustees and management team remain diligently focused on balancing risk and reward to deliver strong and sustainable outcomes for members,” said Christopher Brown, chief executive officer of WISE Trust, in a press release.
“These results in implementing the plan’s asset strategy further demonstrate the value of WISE Trust’s collaborative partnership with IMCO.”