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Canadian pension fund returns decline in first quarter -RBC

Published 2016-05-05, 03:38 p/m
© Reuters. Canadian pension fund returns decline in first quarter -RBC

TORONTO, May 5 (Reuters) - Canadian pension funds posted
lower first-quarter returns on their investments due to global
market volatility, according to RBC Investor & Treasury Services
data released on Thursday.
Growth has been negative in three out of the last four
quarters, the company said.
Returns fell 0.03 percent in the first quarter, following a
5.4 percent return in full-year 2015.
"Global uncertainty created a volatile start to the year for
markets around the world before stabilizing somewhat as the year
progressed," said David Heisz, chief executive of RBC Investor
Services Trust, a unit of the company.
Canadian funds have pursued a strategy of directly investing
in assets such as infrastructure and real estate around the
world, but they remain mostly invested in global equity markets.

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