Market value of pension funds rises
Statistics Canada data show positive trend.
BY Staff with files from Benefits Canada | September 12, 2013
Pension fund investments in stocks grew 4.5% in the first quarter, surpassing the 3.1% gain in the value of shares on the S&P/TSX Composite Index for the same period.
Investments in real estate assets grew 3.7% while the value of bond holdings edged down 0.2%.
Foreign investments increased in value by 6.9% and the share of pension fund assets held in foreign investments grew to 32.6% of total pension assets.