PSP Investments Deploys C$10 Billion in Canada as Assets Rise to C$320.6 Billion
Updated
Updated · Bloomberg · Jun 16
PSP Investments Deploys C$10 Billion in Canada as Assets Rise to C$320.6 Billion
3 articles · Updated · Bloomberg · Jun 16
Summary
C$10 billion was invested in Canada over the past 12 months, lifting PSP Investments’ domestic portfolio to more than C$75 billion under its “Buy Canada” push.
The pension manager said the added home-market deployment came as it seeks to put more capital to work domestically.
PSP posted a 6.5% return for the year ended March 31, trailing its benchmark, while net assets under management rose 7% to C$320.6 billion.
The results underscore a mixed year for the federal public-sector pension investor, with domestic expansion continuing even as overall performance lagged its reference portfolio.