MONTRÉAL, June 12, 2018 /PRNewswire/ --
The Public Sector Pension Investment Board (PSP Investments) announced today that it ended its fiscal year March 31, 2018 with net assets of $153.0 billion, compared to $135.6 billion the previous fiscal year, an increase of 12.9%. The investment manager reported a one-year total portfolio net return of 9.8% on its investments and generated $13.5 billion of net income, net of all PSP costs. This return is significantly greater than the Policy Portfolio benchmark return of 8.7%.
"This is a year we can be proud of," said Neil Cunningham, President and Chief Executive Officer at PSP Investments. "We sustained performance over a year marked by market volatility, which shows clearly that our strategic focus on increased diversification is generating returns. Once again, our people highlighted the possible in their active commitment to our shared purpose: to contribute to the financial security of the contributors and beneficiaries who have served Canada throughout their careers."
Net assets increased by $17.4 billion in fiscal year 2018, attributable to net income of $13.5 billion and net contributions of $3.9 billion. All asset classes saw strong returns.
Asset Class Highlights NET AUM ONE-YEAR FIVE-YEAR % OF TOTAL NET ASSET CLASS RETURN RETURN ASSETS Public Markets $ 76.7B 8.3% 10.6% 50.1% Real Estate $ 23.2B 13.6% 12.7% 15.2% Private Equity $ 19.4B 12.9% 7.9% 12.7% Infrastructure $ 15.0B 19.3% 13.8% 9.8% Natural Resources $ 4.8B 11.2% 13.1% 3.2% Private Debt $ 8.9B 8.2% n/a 5.8% Complementary Portfolio $ 2.2B 33.0% n/a 1.4%
As of March 31, 2018:
Corporate Highlights
here."Our talented, high-performing people and expanded global footprint have allowed us to spot the edge and deliver solid and consistent results," Mr. Cunningham said. "Our vision is to be a leading global institutional investor, a partner of choice to the investment world and an enabler of complex investments. We have the knowledge, talent, systems and flexibility to seize global opportunities as they arise."
For more information on PSP Investments' fiscal year 2018 performance, please visit our dedicated microsite at http://www.investpsp.com or download the annual report here.
About PSP Investments The Public Sector Pension Investment Board (PSP Investments) is one of Canada's largest pension investment managers with $153 billion of net assets as of March 31, 2018. It manages a diversified global portfolio composed of investments in public financial markets, private equity, real estate, infrastructure, natural resources and private debt. Established in 1999, PSP Investments manages net contributions to the pension funds of the federal Public Service, the Canadian Forces, the Royal Canadian Mounted Police and the Reserve Force. Headquartered in Ottawa, PSP Investments has its principal business office in Montréal and offices in New York and London. For more information, visit investpsp.com or follow us on Twitter and LinkedIn.
Media contact: Maria Constantinescu, PSP Investments, Canada: +1-514-218-3795, Toll-free: +1-844-525-3795, media@investpsp.ca
