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Ontario Teachers’ Pension Plan earned 3.2% so far this year

Ontario Teachers' Pension Plan earned 3.2 per cent in first half of 2018.
Ontario Teachers' Pension Plan earned 3.2 per cent in first half of 2018. Global News

TORONTO – Ontario Teachers’ Pension Plan earned a return of 3.2 per cent on its investments for the first six months of this year.

The gain increased the pension fund’s net assets to $193.9 billion as of June 30, up $4.4 billion from the end of 2017.

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The fund says that while financial markets have stabilized, volatility will likely continue amid global trade tensions, rising energy prices and geopolitical tensions.

Chief investment officer Ziad Hindo says returns in the first half of the year were driven mainly by the performance of the equity asset classes, both public and private, and the inflation-sensitive asset class — which includes commodities, natural resources and investments that provide protection against inflation.

READ MORE: Ontario Teachers’ Pension Plan earns 9.7% in 2017, now worth $189.5B

Ontario Teachers’ invests and administers the pensions for Ontario’s 323,000 active and retired teachers.

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