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CPP fund grows to $98 billion as investment returns soar CBC News \|\| May 19, 2006 [KDR: This money will be stolen/poorly invested/Enroned long before 2020.] The Canada Pension Plan investment fund grew to $98 billion as of the end of March, as surging equity markets helped to boost returns to a healthy 15.5 per cent. That topped the median return for Canadian pension plans of 14.9 per cent and was almost twice the 8.5 per cent it earned in the previous year. In its annual report released Wednesday, the CPP said its portfolio grew by $16.7 billion in the past year, with $3.6 billion of the increase coming from net new contributions and investment gains accounting for the other $13.1 billion. Gains in its stock market holdings – especially in the energy and financial services sectors – were responsible for 85 per cent of the fund's gains. The Canadian equity component of the fund jumped 29.9 per cent. The CPP is in the midst of a major campaign to diversify its holdings into other asset classes and countries. Currently $63 billion of its $98 billion portfolio is invested in Canada. Article Posted at www.KnowledgeDrivenRevolution.com "We will continue to seek additional international investments because they help reduce concentration risk and over-dependence of the CPP on the domestic economy," said CPP Investment Board CEO David Denison in a statement. Actuarial valuations say that net CPP contributions will continue to exceed payouts until 2022. After that, the investment income the fund has been generating will be needed to help pay benefits. The $98 billion CPP portfolio is made up of: * $57.3 billion in publicly-traded equities. * $4.4 billion in private equities. * $27.2 billion in bonds. * $4.2 billion in real estate. * $4.0 billion in inflation-linked bonds. * $0.3 billion in infrastructure. * $0.6 billion in cash and money market securities. About KDR \| \| Home \| \| Weekly Features Archive	Weekly Weekly Features Archive
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CPP fund grows to $98 billion as investment returns soar

CBC News || May 19, 2006

[KDR: This money will be stolen/poorly invested/Enroned long before 2020.]

The Canada Pension Plan investment fund grew to $98 billion as of the end of March, as surging equity markets helped to boost returns to a healthy 15.5 per cent.

That topped the median return for Canadian pension plans of 14.9 per cent and was almost twice the 8.5 per cent it earned in the previous year.

In its annual report released Wednesday, the CPP said its portfolio grew by $16.7 billion in the past year, with $3.6 billion of the increase coming from net new contributions and investment gains accounting for the other $13.1 billion.

Gains in its stock market holdings – especially in the energy and financial services sectors – were responsible for 85 per cent of the fund's gains. The Canadian equity component of the fund jumped 29.9 per cent.

The CPP is in the midst of a major campaign to diversify its holdings into other asset classes and countries. Currently $63 billion of its $98 billion portfolio is invested in Canada.

Article Posted at www.KnowledgeDrivenRevolution.com

"We will continue to seek additional international investments because they help reduce concentration risk and over-dependence of the CPP on the domestic economy," said CPP Investment Board CEO David Denison in a statement.

Actuarial valuations say that net CPP contributions will continue to exceed payouts until 2022. After that, the investment income the fund has been generating will be needed to help pay benefits.

The $98 billion CPP portfolio is made up of:

* $57.3 billion in publicly-traded equities.

* $4.4 billion in private equities.

* $27.2 billion in bonds.

* $4.2 billion in real estate.

* $4.0 billion in inflation-linked bonds.

* $0.3 billion in infrastructure.

* $0.6 billion in cash and money market securities.

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