DB plans benefitted from the modest rise in long-term interest rates, but volatile equity markets has a mildly negative effect
The return came as the Ontario Pension Board continued a strategy of shifting assets from public to private markets last year
Decline in bond AUM of 2.5% more than offset the 1.2% rise in stock holdings during the quarter
Equities were best-performing asset class for the Ontario municipal employee’s pension plan
Pension fund manager ready to pounce as market fragility makes it open for correction: CEO
Global equities continued to provide strong and stable returns
Pension managers posted a median return of 8.6%
Gains from surging equity markets were partially offset by falling long-term interest rates
Lower revenues, increased spending trimmed net income
Promoting intergenerational equity will require interprovincial co-operation