Investment results

Market conditions

Performance

Asset class Market value
($ millions)
2018
Oct-Dec
(%)
2018
Annual
(%)
2017
Annual
(%)
2016
Annual
(%)
2015
Annual
(%)
2014
Annual
(%)
2013
Annual
(%)
Fixed income
Cash and short-term 121.5 0.4 1.3 0.7 0.7 0.8 1.1 1.0
Bonds 10,099.1 0.6 0.5 3.4 3.2 3.1 8.3 -2.0
Equities
Canadian equities 3,237.5 -9.9 -8.3 9.3 21.5 -4.0 11.6 20.3
U.S. equities 3,385.4 -11.4 3.0 14.1 6.3 21.8 22.3 44.2
International equities 2,912.3 -7.9 -8.1 25.4 3.7 16.3 3.9 24.0
Real estate, private equity and infrastructure 4,881.1 7.2 17.4 13.1 10.0 16.6 8.3 11.3
Currency overlay -27.3
Total (DB component)* 24,609.5 -2.92 0.89 10.42 7.93 7.27 10.86 16.88
Benchmark --- -4.25 -1.94 8.59 6.72 5.12 10.99 14.00

*Numbers may not add up due to rounding.

Investment highlights

  • The fund’s third quarter return was -2.92%.
  • As of December 31, 2018, the fund held assets of $24.6 billion.
  • The fund had net cash outflows of $74.5 million in the fourth quarter, outflows of $429.2 million in 2018.

Fund Assets - October 2000 to December 31, 2018

Asset-mix highlights