By The Canadian Press on February 9, 2018.
TORONTO – The Canada Pension Plan Investment Board says the fund earned a four per cent return after all its costs in its third quarter.
The board says the increase brought its net assets to $337.1 billion at Dec. 31 compared with $328.2 billion at the end of the previous quarter.
It says the increase reflects $13.1 billion in net income after costs, less $4.2 billion in net Canada Pension Plan cash outflows.
The fund routinely receives more CPP contributions than required to pay benefits during the first part of the calendar year, partially offset by benefit payments exceeding contributions in the final months.
For the nine-month financial year-to-date period, the CPP Fund earned a net return of 6.7 per cent after all costs during the period.
CPPIB invests CPP assets that aren’t needed to pay pension, disability and survivor benefits.
You must be logged in to post a comment.