CPP Investments chief executive John Graham speaks in Ottawa, on Oct. 14, 2022.Sean Kilpatrick/The Canadian Press
The Canada Pension Plan Investment Board earned a net return of 0.1 per cent in its second quarter.
The fund manager says it saw losses in fixed income and weakness in public equities as global markets declined.
Offsetting the losses were strength in credit and private equities and gains in U.S. dollar-denominated assets, which were helped by a strengthening U.S. dollar relative to the loonie.
CPP Investments chief executive John Graham says the fund’s diversified portfolio remains resilient.
CPP Investments says net assets totalled $576-billion at Sept. 30, up from $575-billion at the end of the previous quarter.
It says the increase for the fund’s second quarter included $488-million in net income and $700-million in net transfers from the Canada Pension Plan.