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PSP Investments Posts 10.7% 10-Year Annualized Rate of Return as Net Assets Under Management Grow by 9.7% to $168 Billion in Fiscal Year 2019

Nachrichtenagentur: news aktuell
11.06.2019, 20:20  |  222   |   |   
- Ten-year net annualized return of 10.7% -- above the return
objective of 5.8% -- generated $48.8 billion of cumulative excess net
investment gains.

- One-year total portfolio net return of 7.1% generated $11.7
billion of performance income.

- Net assets under management grew by 9.7% to $168.0 billion, up
from $153.1 billion in fiscal year 2018.

Montréal (ots/PRNewswire) - The Public Sector Pension Investment
Board (PSP Investments) announced today that it ended its fiscal year
March 31, 2019, with net assets under management (AUM) of $168.0
billion, compared to $153.1 billion the previous fiscal year, an
increase of 9.7%. The investment manager also reported a one-year
total portfolio net return of 7.1% and a 10-year net annualized
return of 10.7% on its investments and generated $90.1 billion of
cumulative 10-year net performance income and $48.8 billion of
cumulative net investment gains above the return objective.

"We have great reason to be proud of our strong performance and
evolution on the world stage," said Neil Cunningham, President and
Chief Executive Officer at PSP Investments. "We saw robust levels of
investments throughout fiscal year 2019 and, despite market
headwinds, these results clearly show the long-term success of our
diversified investment approach in delivering value for our
stakeholders."

"Fiscal year 2019 was impacted by higher volatility in public
markets amid concerns of a global economic slowdown," added Mr.
Cunningham. "Our performance demonstrates the benefits of our
strategy to diversify the portfolio across a number of public and
private asset classes, to produce a strong positive overall return.
Likewise, our strategic partners and platforms across all asset
classes continued to generate attractive risk-adjusted investment
opportunities, as we all worked together to spot the edge on
investments to generate robust long-term returns."

PSP Investments' net assets increased by nearly $15 billion during
fiscal year 2019. The increase is attributable to net contributions
of $3.7 billion received by PSP Investments and the net return of
7.1% in the current fiscal year.

Asset Class
Highlights
ASSET CLASS NET ONE-YEAR FIVE-YEARRETURN % OF
ASSETSUNDER RETURN TOTAL
MANAGEMENT1 NET
ASSETS
Public Markets $80.8B 4.6% 8.0% 48.1%
Private Equity $23.5B 16.1% 7.9% 14.0%
Private Debt $10.5B 9.2% 14.2%2 6.2%
Real Estate $23.5B 7.6% 11.8% 14.0%
Infrastructure $16.8B 7.1% 12.7% 10.0%
Natural $ 11.1% 12.0% 4.0%
Resources 6.8B
Complementary $ 0.04% 15.6%3 0.9%
Portfolio 1.4B
1. This table
excludes Cash
and Cash
equivalents.
2. Annualized
return since
inception (3.3
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