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Canada’s largest pension plans are reporting mixed financial results from a year marked by the coronavirus pandemic.
The Caisse de dépôt et placement du Québec reported a 7.7 per cent return on its depositors’ funds in 2020, representing $24.8 billion in investment results. As at Dec. 31, 2020, the Caisse’s net assets totalled $365.5 billion, up $117.5 billion over five years, with investment results of $110.7 billion and net deposits of $6.8 billion. Over ten years, investment results were $198 billion and net deposits were $15.7 billion.
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Citing the “atypical year,” the Caisse said its total return is 1.5 per cent lower than its benchmark, primarily due to the underperformance by real estate, which posted a -15.6 per cent return, compared to a benchmark of -1.7 per cent. However, its infrastructure and fixed income investments exceeded benchmarks with one-year returns of 5.1 per cent and nine per cent, respectively. And while equities posted a one-year
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