Northern Trust Pension Universe Data

Canadian Pension Plans Buoyed by Positive Momentum in Equity Markets During Fourth Quarter 2020 - Seite 3

Emerging markets witnessed solid results during the quarter, leading performance among the world’s regions. The Chinese Central Bank left interest rates unchanged as the economy continues to recover. The People’s Bank of China injected cash intermittently throughout the quarter, bringing further liquidity and support to the country’s banking system. The Reserve Bank of India (RBI) also maintained an accommodative stance as it left interest rates unchanged for the quarter.

The Bank of Canada (BoC) maintained its current pace of their quantitative easing program and left its overnight interest rate unchanged at 0.25%. The Canadian Fixed Income market, as measured by the FTSE Canada Universe Bond Index, returned 0.6% for the quarter and 8.7% for the year. During the quarter, the Canadian yield curve witnessed a rise in long term government bond yields while short term yields declined. Corporate bonds led performance for the quarter, while Provincials outpaced Federal and Corporate issuers for the year. Long term bonds outperformed the Short and Mid-term segments of the universe for both the quarter and year.

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Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 22 U.S. states and Washington, D.C., and across 22 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of December 31, 2020, Northern Trust had assets under custody/administration of US$14.5 trillion, and assets under management of US$1.4 trillion. For more than 130 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Please visit our website or follow us on Twitter.