The Ontario Teachers’ Pension Plan Board says it earned a net return of 1.9 per cent for the first six months of the year.
The pension fund’s total net assets stood at $249.8 billion at June 30, up from $247.2 billion at Dec. 31, 2022.
Chief investment officer Ziad Hindo says the fund saw positive returns across multiple asset classes including public and private equities, infrastructure, and credit over the first six months of the year.
Get breaking National news
The growth came as the fund earned a 12-month total-fund net return of 4.8 per cent.
Ontario Teachers says its five- and 10-year annualized net returns were 7.0 per cent and 8.6 per cent, respectively.
The pension fund, which invests to pay for the retirement for 336,000 working members and pensioners, noted that as of Jan. 1 the plan was fully funded with a $17.5-billion funding surplus.
- Canadians face food insecurity as 120% of income for some goes to food, rent
- Thousands of community and social workers on strike across Ontario
- Saskatchewan ultramarathoner running 1,500 km across province to honour late mother
- Tim Hortons says it will hire locals, scale back temporary foreign workers
Comments
Want to discuss? Please read our Commenting Policy first.