It's still on track to hit $300 billion in net assets.
In the first half of the year, the Ontario Teachers' Pension Plan board eked out a 1.2 percent return.
The photo was taken by Cole Burston.
/The Canadian Press.
The Ontario Teachers' Pension Plan Board had a 1.2 per cent return in the first half of the year.
The net assets of Canada's largest single-profession pension have grown.
In a tumultuous time for global markets and with the highest inflation rates we have seen in decades, we were able to deliver positive returns for our members.
The results show that we can generate returns in a wide variety of investment environments and position us well to navigate through what is likely to be a challenging investment landscape over the next few years.
The fund has a one-year net return of 8.3 per cent and an annual total-fund net return of 9 per cent. Since inception, the return has been 9.6 percent.
The latest period's performance was achieved despite losses in most major stock and bond indices.
He said that they saw positive returns in their inflation-sensitive, infrastructure and absolute return strategies asset classes.
The fund has been helped by our deliberate efforts to tilt the asset mix towards those that perform well in inflationary environments.
The pension plan had a $17.2 billion surplus at the beginning of the new year.
The email is bshecter@postmedia.
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