The fund had a total net return of 3.8 percent in the first half of this year, according to the Ontario Teachers’ Pension Plan Board.
The fund’s assets increased to $227.7 billion as of June 30, according to the board, and the fund’s 12-month total net return was 13.2 percent.
Teachers’ chief investment officer Ziad Hindo says the fund saw strong performance in its private and public equity, innovation and inflation-sensitive asset classes.
The gains were partially offset by losses in fixed income and currency.
Currency had a negative 1.5 percent impact on the overall fund in the first half of the year, according to the fund, due to a stronger Canadian dollar versus most global currencies.
Teachers’ invests and manages the pensions of 331,000 active and retired teachers in the province.
Source_ The Canadian Press