Ontario Teachers earns 6.3 per cent return on investments in first half of 2019

TORONTO – Ontario Teachers’ Pension Plan says it earned a 6.3 per cent return on its investments in the first six months of the year, raising its net assets to $201.4 billion.

The gain increased the pension fund’s net assets by $10.3 billion as of June 30 after delivering contributions across every asset class in its portfolio, led by fixed income which accounts for 47 per cent of its assets.

Appreciation of the Canadian dollar had a negative 1.3 per cent impact on the total fund, resulting in a loss of $2.5 billion.

While six-month results provide a snapshot of its performance, Teachers’ says it has delivered an annualized total fund net return of 9.7 per cent since its inception.

Ontario Teachers’ invests and administers the pensions for Ontario’s 327,000 active and retired teachers.

President and CEO Ron Mock, who retires at the end of the year, said the fund’s approach is delivering strong returns that are in line with its long-term objectives.