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Canada Pension Sees Emerging Markets, U S Consumer Credit Gains

Canada Pension Sees Emerging Markets, U.S. Consumer Credit Gains Bloomberg 3 hrs ago Paula Sambo (Bloomberg) Canada Pension Plan Investment Board is bullish on U.S. consumer credit and sees good opportunities in emerging markets, despite the devastating toll the Covid-19 pandemic has taken on leading countries such as Brazil and India. U.S. households are flush with savings and central banks will continue to prime the economy with easy money for a while, new Chief Executive Officer John Graham said in an interview. That’s positive for returns in consumer-oriented investments, he said. “A year ago there was a lot of uncertainty with high unemployment, but with the stimulus that came in the U.S., consumer credit performed very well. Our investment in home improvement loans really exceeded our expectations,” Graham said Thursday.

CPPIB posts record 20 4% gain during pandemic year as fund closes in on $500 billion

Record investment year puts CPPIB close to half-trillion dollar asset goal

Record investment year puts CPPIB close to half-trillion dollar asset goal © Provided by The Canadian Press TORONTO A record return over the first full year of the pandemic has put the manager of Canada s largest retirement fund years ahead of schedule to meet a long-term goal of having half a trillion dollars in assets by 2028. Popular Searches Canada Pension Plan Investment Board reported Thursday that its funds earned 20.4 per cent net of all costs for its 2021 fiscal year ended March 31, the highest annual return since its inception in 1999. As of March 31, CPP Investments had $497.2 billion in assets under its management, up from $407.3 billion in fiscal 2020 when it had a below-average return of 3.1 per cent due to the onset of the COVID pandemic.

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