Canadian defined benefit pension plans experienced a modest second quarter, according to separate reports by BNY Mellon Asset Management Canada Ltd. and RBC Investor and Treasury Services. The plans in BNY Mellon’s Canadian pension fund-level benchmark posted its ninth straight positive result with a 2.16 per cent increase for the quarter. It found that plans […]
The Caisse de dépôt et placement du Québec posted a 3.3 per cent average return for the first half of 2018, adding $9.8 billion since the end of 2017 and bringing its net assets to $308.3 billion as of June 30, 2018. “The market environment became more complex in the first half of the year,” said Michael Sabia, […]
The Canada Pension Plan Investment Board is providing more than $481 million of seed lending to Australian-based Challenger Investment Partners Ltd., a global fixed income and real estate manger. The funding it set to go to middle-market real estate loans in Australia and New Zealand, which Challenger will source and manage. “This partnership marks our first real estate […]
Some of the world’s major indexes are bringing Saudi Arabia’s public equities into the mix, a move that could alter the landscape for emerging market investments. As of June 2019, MSCI Inc. will include its Saudi Arabia index in the MSCI emerging markets index. The 32 securities from the country will make up a weight of approximately 2.6 per […]
The Canada Pension Plan Investment Board is expanding its partnership with Longfor Group Holdings Ltd. to launch a new investment co-operation focused on rental housing programs in China. The duo are targeting an initial investment of about $1 billion in two Chinese cities through developments, acquisition and master-lease of commercial assets that will be converted to rental housing. […]
What can investors expect from rate hikes?
The Bank of Canada is set to announce a decision on the target for its overnight rate on Wednesday. Widely expected to be a 25 basis point increase, in line with the hawkish tone of the bank’s latest policy notice, the decision comes amid a backdrop of market and trade volatility. However, Canada’s economy is […]
TD Bank Group is acquiring Greystone Capital Management Inc., the parent company of Greystone Managed Investments Inc., for $792 million. The agreement, which is subject to regulatory approval, comprises $730 million of enterprise value, about $105 million of seed capital and other net adjustments. Greystone Capital Management’s shareholders will receive 30 per cent of the net […]
Don’t expect most assets to blow the doors off in the later half of the year, according to the latest investment outlook from GLC Asset Management Group Ltd. The report recommends an overall neutral stance on markets going forward in 2018, calling for one per cent total returns for fixed income and single digits for equity price […]
Canadian defined benefit pension plans posted a higher median solvency ratio at the end of the second quarter of 2018 in comparison to earlier in the year, according to new data from Aon. The median solvency ratio reached 100.2 per cent, which was up from 98.7 per cent in the first quarter of the year. […]