UPDATE 1-Canada pension fund says expansion won't change strategy
* Says too early to assess implications for fund
* Proposed changes would start in 2019
* Fund was projected to continue rapid growth (Adds comment, details from CPPIB)
By Matt Scuffham
TORONTO, June 21 (Reuters) - The Canada Pension Plan Investment Board, which manages the assets of the country's national pension fund, said on Tuesday it does not expect a proposed expansion to the plan to have a significant impact on its overall investment strategy.
Canada's federal government and provinces agreed in principle on Monday to support a compromise plan to expand the national pension plan, with premiums raised moderately over time to provide greater payouts for pensioners.
"Modest changes to the plan along a multi-year transition phase - as contemplated - are unlikely to have a significant impact on the overall investment-related dimensions of the program," a CPPIB spokesman said.
The CPPIB was created in 1997 to manage the CPP's money and has grown rapidly, directly investments around the world in assets such as real estate and infrastructure, as well as equities and bonds.
It had C$279 billion ($217.75 billion) in assets under management at the end of March and has forecast that will grow to C$300 billion by 2020 and C$500 billion by 2030. It said on Tuesday it was too early to say how those projections will change. Continued...