Quebec grant account manager reports ‘solid’ lapse of 7.6% in 2016

Quebec’s hulk grant comment manager, Caisse de dépôt et chain du Québec, posted a 7.6 per cent lapse on investment final year, bringing a net resources to $270.7 billion. 

The annual outcome was improved than a 5.8 per cent lapse for a benchmark portfolio, though it was a weakest outcome given 2011 — and less than a 9.1 per cent warranted in 2015. 

• Caisse de dépôt et chain du Québec generated 9.1% lapse in 2015

The outcome places a Caisse above normal among Canadian grant funds. Earlier this month, a Royal Bank of Canada reported Canadian tangible advantage grant skeleton sealed out 2016 with an annual lapse of 6.8 per cent.

The Caisse’s expansion final year was led by equity investments, that comment for scarcely half of the Caisse’s portfolio.

A clever opening by a Canadian batch marketplace and investments in companies with high U.S. bearing such as Alimentation Couche-Tard, Gildan and Magna generated a 22.7 per cent return.

• Michael Sabia, from alien to rainmaker

Real estate and infrastructure investments also achieved well, warranted a 10.6 per cent return.

Fixed income, that comprises a third of the Caisse’s portfolio, lagged with a 2.9 per cent lapse as low seductiveness rates vexed earnings for bonds, genuine estate debt and short-term investments.

Protectionist talk, though no action 

At a news discussion in Montreal on Friday, Caisse president and CEO Michael Sabia called the opening “solid” amid capricious geopolitical times. 

He remarkable that while there has been speak within U.S. domestic circles about adopting some-more protectionist trade policies. a American investment marketplace stays strong. 

“We’re in a duration where a lot of things are being pronounced on mercantile issues, though there’s not been a lot done,” Sabia said.

But Sabia also pronounced it’s critical for a Caisse to deposit in Quebec’s private sector. 

“It’s a way,” he said.

The Caisse’s investment strategy, he added, is guided by dual goals: encouraging growth of tiny and middle companies and assisting Quebec companies settle themselves in tellurian markets.

The comment has $36.9 billion invested in Quebec’s private sector.

• Retirement? Few Canadians but an employer grant devise have adequate money, investigate says

​The draft next shows a Caisse’s earnings on investment given 2006:

source: Radio-Canada

Article source: http://www.cbc.ca/news/canada/montreal/quebec-pension-fund-manager-reports-solid-return-of-7-6-in-2016-1.3997665?cmp=rss