Ontario Teachers post 2.5 per cent return for 2018 GlobeBusiness
Ontario Teachers’ Pension Plan posted a return of 2.5 per cent for 2018, joining other larger Canadian plans that posted muted returns last year as global markets suffered the worst year since the financial crisis.
Teachers’ said the gains added $1.6-billion to a portfolio that closed the year at $191.1-billion. A weakening Canadian dollar added 1.5 percentage points to the return, the plan said. Teachers said its benchmark return, given its portfolio mix, was 0.7 per cent for calendar 2018. The returns are net of expenses.Like its large Canadian peers, Teachers said private assets like real estate, infrastructure, and the shares of private companies boosted returns as equity markets struggled. The fourth quarter was particularly bad for global stock markets, bringing down overall 2018 returns. A global stock index from MSCI, represented in U.S. dollars, fell 7.
For 2018, the Ontario Municipal Employees Retirement System reported a 2.3-per-cent return, while Caisse de dépôt et placement du Québec said it achieved a 4.2-per-cent return for the year. Canada Pension Plan Investment Board uses a fiscal year that ends in March; its nine-month return for the period that ended Dec. 31 was 3.6 per cent.
By the close of 2018, Teachers’ had five- and 10-year net returns of 8.0 per cent and 10.1 per cent, respectively.
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