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OMERS posts 8.4% return in 2024, net assets reach $132.8b amid equity gains
May 14, 2025
The Ontario Municipal Employees’ Retirement System (OMERS) recorded an 8.3% return over the course of 2024, raising its net asset level by $10.6 billion to $132.8 billion by year-end.
In a statement, OMERS’ Chief Financial and Strategy Officer Jonathan Simmons said the pension plan’s diversification enabled its strong performance in 2024.
“OMERS public equity investments delivered double-digit performance supported by strong contributions from private credit and infrastructure. Our net investment results benefitted from our active strategy to maintain currency exposure to the US dollar,” he said.
Other highlights from the report include:
- OMERS’ net assets have roughly doubled since the end of 2014, with $70.5 billion added to the plan since then.
- More than half (53%) of OMERS’ assets are U.S.-based, while its Canadian exposure stands at 19%.
- At 18.8%, public equities delivered the biggest returns by asset class for OMERS in 2024. At the other end of the scale, real estate assets declined by 4.9%.
- OMERS achieved a 58% reduction in its portfolio carbon emissions intensity relative to 2019 and has green investments worth $23 billion.
- The OMERS' Annual Report also noted that the OMERS plan was 98% funded as at December 31, 2024.
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