TORONTO — The Ontario Teachers’ Pension Plan Board says the fund earned a total net return of 3.8 per cent in the first half of this year.
The board says the return came as its assets grew to $227.7 billion as of June 30, while the fund’s 12-month total net return was 13.2 per cent.
Teachers’ chief investment officer Ziad Hindo says the fund saw strong performance in its private and public equity, innovation and inflation-sensitive asset classes.
The gains were partially offset by losses in fixed income and currency.
The fund says currency had a negative 1.5 per cent impact on the total fund in the first half of the year, driven by a stronger Canadian dollar relative to most global currencies.
Teachers’ invests and administers the pensions of the province’s 331,000 active and retired teachers.