CDPQ earns 5.6 per cent in first half of 2021, beats its benchmark index

MONTREAL – Caisse de dépôt et placement du Québec says it earned a return of 5.6 per cent in the first half of the year.

The Quebec fund manager says the result for the six months ended June 30 beat its benchmark index’s 4.4 per cent return.

Net assets rose to reach $390 billion at the end of the period.

CDPQ CEO Charles Emond says the investment manager continued to position its portfolios to navigate a new environment, especially in real estate and equity markets.

He says it also increased its exposure to promising sectors such as logistics and technology.

Over five years, CDPQ says it has earned an annualized return of 8.5 per cent, compared with 8.3 per cent for its benchmark index.

This report by The Canadian Press was first published Aug. 18, 2021.