Ontario Teachers’ Pension Plan returned 2.5% in 2018

By Staff | April 2, 2019 | Last updated on April 2, 2019
1 min read

Ontario Teachers’ Pension Plan (OTPP) announced on Tuesday that its net assets at the end of 2018 were $191.1 billion, up $1.6 billion from Dec. 31, 2017.

Ontario Teachers’ returned 2.5% for 2018, its sixth year of being fully funded with pensions protected from inflation, Ron Mock, president and CEO, said in a statement.

“In 2018 we were able to generate positive returns even as we navigated some of the most volatile markets in years, thanks to the work we have done to build a diversified investment portfolio that can perform across market scenarios,” Mock said.

Since its inception, the plan has had an annualized total fund net return of 9.7%. The five- and 10-year net returns, as of Dec. 31, 2018, were 8.0% and 10.1%, respectively.

“Times like these show how continuing to rebalance the portfolio for stability is paying off,” said Ziad Hindo, chief investment officer. “In 2018, our private assets carried the day.”

A detailed asset mix can be found in the OTPP’s press release.

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The staff of Advisor.ca have been covering news for financial advisors since 1998.