TORONTO — The Ontario Teachers' Pension Plan Board says the fund earned a total net return of 3.8 per cent in the first half of this year.
The board says the return came as its assets grew to $227.7 billion as of June 30, while the fund's 12-month total net return was 13.2 per cent.
Teachers' chief investment officer Ziad Hindo says the fund saw strong performance in its private and public equity, innovation and inflation-sensitive asset classes.
The gains were partially offset by losses in fixed income and currency.
The fund says currency had a negative 1.5 per cent impact on the total fund in the first half of the year, driven by a stronger Canadian dollar relative to most global currencies.
Teachers' invests and administers the pensions of the province's 331,000 active and retired teachers.
This report by The Canadian Press was first published Aug. 23, 2021.
The Canadian Press
