CPP Investments' Net Assets Reach $590.8 Billion in Q3 Fiscal 2024

All figures are reported in Canadian dollars unless stated otherwise.

TORONTO, Feb. 15, 2024 /CNW/ - As the third quarter of fiscal year 2024 concluded on December 31, 2023, the Canada Pension Plan Investment Board (CPP Investments) announced its net assets have reached $590.8 billion. This marks a notable increase from the $576.1 billion recorded at the end of the second quarter.

Investment Growth and Performance

The growth in assets is attributable to a combination of factors including investment income and contributions. CPP Investments has diversified its portfolio across a wide range of asset classes, geographies, and sectors to balance risks and leverage opportunities on a global scale, thereby enhancing the long-term sustainability of the CPP fund.

Strategic Asset Allocation

CPP Investments has been strategically allocating its assets to balance between growth and income while maintaining an acceptable level of risk. The board employs a rigorous investment strategy that optimizes performance while being mindful of the volatility in the global markets. Their portfolio mix includes a variety of asset classes such as public equities, private equities, real estate, infrastructure, and fixed income instruments.

In light of current market trends, CPP Investments continues to monitor its investments and adjust strategies accordingly. Market fluctuations, economic developments, interest rates, and geopolitical events are all factors that could influence portfolio performance and necessitate shifts in asset allocation.

Commitment to Stakeholders

CPP Investments is committed to managing the CPP fund in the best interests of its contributors and beneficiaries. The board highlights its comprehensive investment approach and its focus on long-term stability and growth to ensure the sustainability of the fund for future generations. CPP Investments operates with a high degree of transparency, providing detailed reports on funds' performance and strategies in adherence to its mandate.

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