CPP Fund gain on loonie’s drop delivers 4.5% return on investments in quarter ended Dec. 31

TORONTO – The CPP Investment Board says the funds it manages for that Canada Pension Plan delivered a 4.5 per cent return, after costs, within the final 3 months of 2015.

As of Dec. 31, which marks no more CPPIB’s 2015-16 fiscal third quarter, the CPP Fund had $282.6 billion of assets — up from $272.9 billion at Sept. 30.

CPP Investment board says it had $12.3 billion in net investment income over that three-month period, offset by $2.6 billion in cash outflows — carrying out a seasonal pattern when payments often exceed contributions after a calendar year.

CPP Investment Board Mark Wiseman said the Canadian dollar’s depreciation against most currencies, and also the fund’s investments in other countries, led to significant gains from foreign exchange.

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