CPP Investments
CPP Investments manages a fund valued at $590.8 billion as of December 31, 2023, with a global presence in 55 countries and a diversified portfolio. The organization operates independently of the Canadian government and aims for net-zero greenhouse gas emissions by 2050.
Company Overview
CPP Investments, also known as the Canada Pension Plan Investment Board (CPPIB), is an independent investment management organization. As of December 31, 2023, it manages a fund valued at $590.8 billion. Operating independently of the Canadian government, CPP Investments is overseen by an independent Board of Directors and has a global presence with investments in 55 countries and 327 global investment partners.
Investment Performance
CPP Investments reported a net increase of $14.6 billion in Q3 Fiscal 2024, reflecting a nominal net return of 3.4% for that quarter. The organization boasts a 10-year annualized net return of 9.3%, signifying consistent performance over the past decade. The cumulative net income over this 10-year period is $319.4 billion.
Global Asset Allocation
As of December 31, 2023, CPP Investments' total assets distribution is geographically diversified. The United States accounts for 40% of the total assets, amounting to $234.0 billion. The Asia Pacific region follows with 23% or $137.1 billion, Europe holds 18% or $106.8 billion, Canada is at 13% or $75.6 billion, and Latin America has a 6% share amounting to $37.3 billion.
Investment Portfolio
CPP Investments maintains a diversified portfolio that includes public equities, private equities, bonds, public and private debt, real estate, and infrastructure. Its investment strategy is actively managed to deliver a well-balanced and globally diversified portfolio. The organization also integrates sustainability-related risks and opportunities into its investment analysis across the investment lifecycle.
Sustainability and Governance
CPP Investments is committed to achieving net-zero greenhouse gas emissions across all scopes by 2050. The organization is recognized for its governance, being named one of the best pension funds in the world for transparency, governance, and cost. It also prioritizes increasing representation and building an inclusive workplace through various initiatives and policies.