Canadian Pension Plans Increasing In-House Capabilities and Expanding Strategic Outsourcing, According to New Research from CIBC Mellon newswire.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newswire.ca Daily Mail and Mail on Sunday newspapers.
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Plans ended 2020 with positive 1 year returns despite ongoing global challenges
TORONTO, Feb. 1, 2021 /CNW/ - The median return of the BNY Mellon Canadian Master Trust Universe, a BNY Mellon Global Risk Solutions fund-level tracking service, was +5.55% for the fourth quarter of 2020. The latest results mark an improvement in investment returns from the third quarter and consecutive positive median returns following the strong market rebound experienced in Q2. The year-to-date median return as of December 31, 2020 was +9.96%, while the median 10-year annualized return was +8.32%.
The BNY Mellon Canadian Master Trust Universe results are based on $291.1 billion worth of investment assets in Canadian investment plans, with the average plan size of $3.3 billion. The Universe is designed to provide peer comparisons by plan type and size, and it comprises 87 Canadian corporate, public and university pension plans. Additional insight into the plan results is provide