"The Canada Pension Plan (CPP), the largest pension fund in the country, announced this week that it has grown to a record $780.7 billion in assets, with 47 per cent invested in the U.S., compared to only 13 per cent in Canada. That level of U.S. ownership hasn't budged in the year since Trump retook office, according to third-quarter results released on Friday."
"The CPP's U.S. assets have grown steadily since 2005, when Ottawa removed a cap on foreign holdings in Canadian pensions and RRSPs. The CPP now has $366 billion invested in the U.S., compared with $98 billion in Canada. A CBC analysis found the CPP is not alone among the "Maple Eight," the biggest pension funds in Canada, which collectively hold $1 trillion in U.S. assets."
"But he emphasized that the CPP invests long-term. We are not easily whipsawed by current events or by any economic or even electoral cycles, even as we monitor turmoil very carefully to avoid excessive risks, he said. Leduc says CPP is in fact below the average for the size of its U.S. holdings when compared to leading measures of global investment diversification, such as the MSCI World Index and the Financial Times Stock Exchange 100."
The Canada Pension Plan (CPP) has grown to a record $780.7 billion in assets, with 47 percent invested in the U.S. and 13 percent in Canada. The CPP holds $366 billion in U.S. assets versus $98 billion in Canadian assets. CPP U.S. exposure has increased steadily since 2005 after a cap on foreign holdings was removed. The largest Canadian pension funds collectively hold about $1 trillion in U.S. assets, with OMERS at 55 percent U.S. and PSP at 40.5 percent. Only three of the Maple Eight have more Canadian than American assets. CPP emphasizes long-term investing and risk monitoring, noting its U.S. weight is below some global indices.
Read at www.cbc.ca
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