The strength of the U.S. dollar and the ongoing war in Europe will hamper North American and other global institutional investors in 2023, though some will still find value in other continents, according to a new report from the Capital Group Inc. “Even if you think economies outside Canada and the U.S. are headed for […]
A bill intended to provide defined benefit pension plan members with super-priority should be a major concern for Canadian DB plan sponsors, according to LifeWorks Inc.’s latest monthly pension indices report. “While the goal of [Bill C-228] is to protect the pensions of members and retirees in the event of a company’s insolvency, it could […]
Reports that a leading asset manager is delaying the launch of a Chinese bond fund indefinitely are a clear sign that the facade around Chinese stocks’ and bonds’ environmental, social and governance record may be lifting. In recent years, rising investment in Chinese stocks and bonds coincided with a boom in ESG investing. Of course, […]
Nine Canadian public sector pension plans are passively invested in companies with evidenced involvement in the persecution of Uyghurs in China, according to a new report by U.K. think tank Hong Kong Watch. The report includes three federal and six provincial pension investment organizations — among more than 30 global institutional investors — as passive investors […]
Canada’s defined benefit pension plans improved on both a solvency basis and an accounting basis in October, according to a new report by LifeWorks Inc. The monthly pension indices report found the average Canadian DB pension plan saw its solvency ratio rise to 103.2 per cent, up 3.1 per cent from the previous month. On […]
The value of a typical Canadian defined benefit pension plan’s assets declined in September, according to LifeWorks Inc.’s latest monthly report. An investment portfolio designed to mimic typical Canadian DB portfolios saw its assets shrink by 2.8 per cent over the month. The value of the benchmark portfolio, which is composed of 50 per cent […]
The Ontario Municipal Employees’ Retirement System is appointing Prabha Ram as managing director of global equities at its investment arm, OMERS Capital Markets. In the new role, Ram will oversee the management of the defined benefit pension plan’s core public equity portfolio and contribute to the development of its existing investment framework. She will report […]
Why should defined benefit pension plans invest in Canadian equity markets at all? It’s a question many DB plan sponsors began asking themselves in the mid-1990s. At that time, the federal government removed foreign content limitations on pension plans and again, later, when it made similar changes for individual registered retirement savings plans. These regulatory […]
The Alberta Investment Management Corp.’s investments declined four per cent during the second quarter of 2022, according to its quarterly report. During the quarter, the AIMCo’s net investment income dipped $9.8 billion, to $136.6 billion. In the year ending on June 30, 2022, its assets declined 6.8 per cent. Read: AIMCo returns 14.7% in record-breaking year In […]
The second quarter of 2022 proved difficult for Bâtirente’s diversified funds, according to the organization’s investment strategy manager. “As was the case in the first quarter, Bâtirente’s diversified funds experienced a difficult second quarter performance . . . [with losses correlating with] their risk profile,” said Jean-François Dumais, in a press release. The five diversified […]
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