CPP Fund Ends Fiscal First Quarter at $153.2 Billion
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 08/11/11 -- The CPP Fund ended the first quarter of fiscal 2012 on June 30, 2011 with net assets of $153.2 billion, an increase of $5.0 billion from the previous quarter ended March 31, 2011.
The increase in net assets this quarter resulted from $1.3 billion of investment income, generated primarily from private assets in the portfolio, and $3.8 billion in excess CPP contributions. The investment income for the quarter represents a 0.9% return.
"Results for the quarter demonstrate our long-term global investment strategy in action, including initiatives to further enhance the CPP Fund's holdings in private market investments," said David Denison, President and CEO, Canada Pension Plan Investment Board. "While major equity indices were down this quarter, the Fund's private equity holdings and real estate portfolio helped deliver positive results overall."
Five and 10-Year Returns
Given the Fund's multi-generational investment horizon, CPPIB is focused on delivering results over the long term. For the five-year period ended June 30, 2011, the CPP Fund has generated an annualized investment rate of return of 4.0%, or $24.7 billion of investment income. For the 10-year period ended June 30, 2011, the Fund has generated $53.0 billion in investment income, reflecting an annualized rate of return of 6.0%.
Long-term Sustainability
The Chief Actuary of Canada conducts a financial review of the Canada Pension Plan every three years. In the latest triennial review completed in November 2010, the Chief Actuary reaffirmed that the CPP remains sustainable at the current contribution rate of 9.9% throughout the 75-year period of his report. The report also indicates that CPP contributions are expected to exceed annual benefits paid until 2021, providing a 10-year period before a portion of the investment income from the CPPIB will be needed to help pay pensions.
Investment Portfolio Update
CPP Investment Board
The CPP Investment Board is a professional investment management organization that invests the funds not needed by the Canada Pension Plan to pay current benefits on behalf of 17 million Canadian contributors and beneficiaries. In order to build a diversified portfolio of CPP assets, the CPP Investment Board invests in public equities, private equities, real estate, inflation-linked bonds, infrastructure and fixed income instruments. Headquartered in Toronto, with offices in London and Hong Kong, the CPP Investment Board is governed and managed independently of the Canada Pension Plan and at arm's length from governments. At June 30, 2011, the CPP Fund totaled $153.2 billion. For more information about the CPP Investment Board, please visit .
Contacts:
CPP Investment Board
Linda Sims
Director, Media Relations
(416) 868-8695
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Datum: 11.08.2011 - 07:00 Uhr
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News-ID 1029763
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