TORONTO, Nov 12 (Reuters) - The Canada Pension Plan Investment Board, one of the world’s biggest pension funds, reported gross investment returns of 1.6 percent in its fiscal second quarter on Thursday, driven largely by a boost in net investment income.
CPPIB, which manages Canada’s national pension fund and is a major global dealmaker, said it ended the period on Sept. 30 with net assets of C$272.9 billion ($204.71 billion). That compared with C$268.6 billion at the end of the previous quarter.
“Despite significant declines across all major global equity markets and mixed results in fixed income markets this quarter, the CPP Fund showed a modest gain,” noted CPPIB Chief Executive Mark Wiseman, in a statement, adding that diversification of the portfolio across geographies and asset classes had contributed to the fund’s resiliency.
$1 = 1.3331 Canadian dollars Reporting by Euan Rocha Editing by W Simon