AIMCo's balanced fund earned 8.0% in 2023, falls short of benchmark – Winnipeg Free Press
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Equities and private debt boosted fund returns, while real estate lagged.
Alberta Investment Management Corp. says its balanced fund earned a net return of 8.0 per cent for 2023, short of its benchmark return of 9.3 per cent.
Returns affected by high inflation and interest rates, geopolitics, chief executive says
The Alberta Investment Management Corp.’s total fund generated a net return of 6.9 per cent in 2023, 1.8 percentage points below its 8.7 per cent benchmark. As of Dec. 31, 2023, the AIMCo’s total clients assets under management were $160.6 billion, compared to $158 billion in 2022. Its balanced fund generated a net return of eight […]