August 11, 2017 / 3:37 PM / a year ago

Quebec pension fund manager CDPQ's investment returns strengthen

The Caisse de depot et placement du Quebec (CDP) building is seen in Montreal, February 26, 2014. REUTERS/Christinne Muschi

(Reuters) - Caisse de depot et Placement du Quebec (CDPQ) [CDPDA.UL], Canada’s second-biggest public pension fund, reported an average return on its investments of 5 percent in the first half of 2017, compared with a 2 percent rise in 2016.

CDPQ, which manages pension plans in the mostly French-speaking province of Quebec, said its net assets grew to C$286.5 billion ($225.82 billion), compared with C$270.7 billion at the end of 2016.

For all of 2016, CDPQ achieved an average return of 7.6 percent.

Reporting by Matt Scuffham in Toronto and Ahmed Farhatha in Bengaluru; Editing by Martina D'Couto

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