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CPP investment board earns 1.1% in first quarter

The Canada Pension Plan Investment Board said Friday it earned a return of 1.1 per cent for the first quarter of its current financial year.
The managers of Canada's national pension plan returned 1.1 per cent last quarter. (Canadian Press)

The Canada Pension Plan Investment Board said Friday it earned a return of 1.1 per cent for the first quarter of its current financial year.

The fund managed by the CPP Investment Board totalled $188.9 billion at June 30, up from $183.3 billion at the end of the previous quarter.

The gain included $1.9 billion in net investment income and $3.7 billion in net CPP contributions made by Canadian employees and employers.

The fund held $93.5 billion in equity investments such as stocks, $63.4 billion in fixed income such as bonds and $31.9 billion in real estate and infrastructure investments.

The CPP Investment Board invests money not needed by the Canada Pension Plan to pay benefits for current retired contributors.

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