Ontario Teachers' Pension Plan posts 9.4% return, assets climb to $266.3b
May 12, 2025
The Ontario Teachers’ Pension Plan (OTPP) Trust Fund recorded a 9.4% investment return over the course of 2024, bringing its net asset level to $266.3 billion by year-end.
The plan is fully funded as of January 1, 2025 , with a $29.1 billion surplus, bringing the plan’s 10-year average annual investment return to 7.4 per cent.
In a statement, OTPP’s President and CEO Jo Taylor said that the resilience of the plan’s portfolio left it well placed to thrive in an unpredictable economic environment.
“Our investment portfolio is well placed to deliver strong risk-adjusted returns for the plan in 2025 and meet our long-term obligations to the members we serve," she added.
Other highlights from the report include:
· The plan enjoyed a foreign currency gain of $6.9 billion in 2024, thanks to the appreciation of the U.S. dollar compared to the Canadian dollar.
· At 25.8%, the venture growth team delivered the biggest returns by asset class for OTPP in 2024. Real estate assets were the worst performers, declining by 0.7%.
· The plan met its interim portfolio emissions target a year early, decreasing its emissions intensity by 49% compared to a 2019 baseline.
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