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 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.