October 03, 2024
The Canada Pension Plan Investment Board (CPPIB) closed the fiscal year 2024 with net assets of $632.3 billion, a significant increase from $570.0 billion the previous year.
The growth included $46.4 billion in net income and $15.9 billion in net transfers from the Canada Pension Plan.
The Fund achieved a net return of 8% for the year, and, over the last 10 years, it recorded a 9.2% annualized return.
Compared to the 19.9% return of the Reference Portfolios, the Fund's performance fell short by 11.9%, leading to a negative value-added result of $64.1 billion for fiscal 2024.
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