Environmental, social and governance considerations have gained traction in recent years with nearly 75 per cent of global asset managers saying they have an ESG policy and an equal percentage incorporating ESG considerations across their investment platforms, according to a new survey by investment consulting firm Callan. The inaugural study, which polled more than 1,200 […]
The Canada Pension Plan Investment Board returned 0.1 per cent during the second quarter of fiscal 2024, according to its latest quarterly report. By Sept. 30, 2023, the investment organization’s net assets were $576 billion, compared to $575 billion at the end of the previous quarter. The $1 billion increase in net assets consisted of $488 million in net income and $700 million in […]
Vestcor Inc. reduced the carbon exposure to several of its portfolios throughout 2022, according to its annual responsible investing report. The New Brunswick-based investment organization reported its Canadian, global and emerging markets portfolios all saw declines in carbon exposure by nine per cent, 13 per cent and nine per cent, respectively. The portfolios also retained […]
Canadian defined benefit pension plans generated a median return of negative 1.99 per cent in the third quarter of 2023, according to the BNY Mellon Canadian asset strategy view universe. The universe, which is based on $290.2 billion worth of investment assets in Canadian DB plans, found the one-year median return was 8.01 per cent […]
Since the onset of the coronavirus pandemic three years ago, the global economy has faced a bumpy ride, led by the lingering public health crisis, rising geopolitical tensions and high inflation. The 2023 Defined Contribution Investment Forum, which was held on Sept. 29 at the Ritz-Carlton Hotel in Toronto, shared thought leadership on the various […]
Since defined contribution plan members will experience a wide variety of market conditions over the course of their working lives and into retirement, it’s important for the strategic asset allocation of target-date funds to be diversified and able to stand the test of time, according to Jon Knowles, institutional portfolio manager for global asset allocation at […]
While fixed income has long had the reputation of being the conservative and stable supporting partner in the traditional balanced portfolio, unbundling fixed income into its sub-components presents opportunities for enhanced risk-adjusted returns, said Aaron Young, vice-president and client portfolio manager at CIBC Asset Management. When investors buy the FTSE universe bond index or even […]
Plotting out a glide path is the most important part of designing a target-date fund — not only does it take members on a roughly 40-year investing journey, but it also has the most significant impact on their retirement outcomes. Glide paths must also address the key risks facing defined contribution plan members, said Satwick […]
The Caisse de dépôt et placement du Québec is acquiring Brazil-based power transmission network company Integração Transmissora de Energia in a deal worth $108.5 million. According to a press release, the organization’s framework will be integrated into the investment organization’s existing Latin America power line company Verene Energia, with a network that spans through Brazil […]
The value of the total assets under management for the world’s 500 largest asset managers reached US$113.7 trillion as of Dec. 31, 2022, down 13.7 per cent from the previous year, according to a new report by WTW’s Thinking Ahead Institute. In a press release, Jessica Gao, director of the Thinking Ahead Institute, said asset […]