CDPQ posts 5.6% return over six months, 8.5% over five years
Caisse de dépôt et placement du Québec (CDPQ) today presented an update of its performance as at June 30, 2021. Over six months, CDPQ posted a return of 5.6%, outperforming its benchmark index’s 4.4% return. Over five years, CDPQ generated an annualized return of 8.5%, compared to 8.3% for its benchmark index, and produced $126 billion in investment results. Over ten years, CDPQ’s annualized return was 8.8%, also above its benchmark portfolio, which stood at 8.3%. Net assets reached $390 billion.
“In the first half of 2021, our teams continued to position the portfolios to navigate a new environment, especially in Real Estate and Equity Markets, where ongoing initiatives are already producing tangible results,” said Charles Emond, President and Chief Executive Officer of CDPQ. “Overall, the portfolios each played their part in the performance delivered. During the period, we also increased our exposure to promising sectors, such as logistics and technology.”
“The global economic recovery still varies widely and reflects both the uneven progress on vaccinating populations and controlling the pandemic in different regions. We’re also facing conditions marked by a lot of uncertainty, especially with concerns around inflation and geopolitical tensions. At the same time, abundant capital is still stimulating fierce competition for assets, while valuations are particularly high,” added Mr. Emond.
“Our responsibility to our depositors and the more than six million Quebecers they represent is to produce returns that meet their needs over the long term. We’ve adopted clear strategies to deliver this performance: diversifying our investment activities, creating value in our portfolio companies by leveraging the accelerated digitalization and the energy transition, in addition to protecting our assets from challenges related to cybersecurity and geopolitical risks. Also, in the current environment, agility and adaptability will be key,” concluded Mr. Emond.
At Caisse de dépôt et placement du Québec (CDPQ), we invest constructively to generate sustainable returns over the long term. As a global investment group managing funds for public retirement and insurance plans, we work alongside our partners to build enterprises that drive performance and progress. We are active in the major financial markets, private equity, infrastructure, real estate and private debt. As at June 30, 2021, CDPQ’s net assets totalled CAD 390 billion. For more information, visit cdpq.com, follow us on Twitter or consult our Facebook or LinkedIn pages
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