The Teachers’ Pension Plan posted a 14.6 per cent return net of fees for the fiscal year 2013, exceeding its market benchmark of 12.3 per cent.
The plan’s investment assets increased from $18.3 billion for the year ending December 31, 2012, to $20.7 billion as at December 31, 2013.
The plan’s combined public equities returned 24.3 per cent. Global equities and emerging market equities earned 33.8 per cent and 1.9 per cent respectively. Canadian equities returned 14.9 per cent, a good return despite some weakness in commodity demand from emerging market countries.
Demand for Canadian real estate remained strong, earning 7.9 per cent.
The plan’s combined fixed income portfolio—which comprises money market funds, bonds and mortgages—lost 2.3 per cent due to the rise in interest rates over the course of 2013, which pushed bond prices down.
A sample of the plan’s investment porfolio
Aquarion Water Company is New England’s largest investor-owned water utility. Since bcIMC first invested in this company with a consortium of investors in 2007, Aquarion has maintained an active growth strategy, acquiring numerous regional water systems and continuing to improve water quality and network reliability. It has received awards for being a well‑operated water utility and environmental steward, and is consistently highly rated for customer service. Source: Aquarion Water Company