Ontario Teachers' Pension Plan earned 3.2% in first half of 2018

Ontario Teachers’ Pension Plan earned 3.2% in first half of 2018

Ontario Teachers’ Pension Plan earned a return of 3.2% on its investments for the first six months of this year. The gain increased the pension fund’s net assets to $193.9 billion as of June 30, up $4.4 billion from the end of 2017. The fund says that while financial markets have stabilized, volatility will likely […]

By The Canadian Press | August 22, 2018 | Last updated on August 22, 2018

1 min read

Ontario Teachers’ Pension Plan earned a return of 3.2% on its investments for the first six months of this year.

The gain increased the pension fund’s net assets to $193.9 billion as of June 30, up $4.4 billion from the end of 2017.

The fund says that while financial markets have stabilized, volatility will likely continue amid global trade tensions, rising energy prices and geopolitical tensions.

Read: Emerging market hotspots to watch

Chief investment officer Ziad Hindo says returns in the first half of the year were driven mainly by the performance of the equity asset classes, both public and private, and the inflation-sensitive asset class—which includes commodities, natural resources and investments that provide protection against inflation.

Read: Why it’s a tough year for risk assets, fixed income

Ontario Teachers’ invests and administers the pensions for Ontario’s 323,000 active and retired teachers.

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