CPP returns 0.6% in the second quarter | General financial discussion | Discussion forum

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CPP returns 0.6% in the second quarter
November 9, 2018
12:56 pm
Kidd
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CPP returns 0.6% in the second quarter. Tangerine paid me 0.75% in that same quarter... huh? Doesn't the Canadian government pay financial advisors (cppib) 100's of millions of dollars to manage this fund?

https://www.theglobeandmail.com/business/article-cpp-delivers-06-per-cent-net-return-in-second-quarter

November 9, 2018
3:10 pm
Bill
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Globe article indicates it made over 11% last fiscal year, take you 4 years to do that with Tangerine.

November 9, 2018
5:11 pm
Kidd
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Bill, that's water under the bridge. A few years ago, i had a full head of hair. Question... how many years in a few, 10? sf-frown

Last quarter a return of 0.6%
The quarter before that 1.8%

"The fund said it delivered a net-investment return of 0.6 per cent in the second quarter to the end of Sept. 30, down from 1.8 per cent in the previous quarter."

November 9, 2018
7:07 pm
Norman1
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What is actually relevant is what the next sentence says.

The CPP Fund averaged 9.1% per annum for the past ten years, including that second quarter ending September 30. Over the past five years, the return was 12.1% per annum.

November 9, 2018
7:14 pm
Loonie
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CPP invests very widely in all kinds of things, including many that you and I can't or won't touch. They can, and must, do this because they are so big.
There are always going to be some quarters where they are down - even some years. This is to be expected, but monitored.

November 9, 2018
7:30 pm
Norman1
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These are their fiscal year net returns (ending March) for the past 10 years, from their 2018 annual report:

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
(18.8%) 14.7% 11.6% 6.3% 9.8% 16.1% 18.3% 3.4% 11.8% 11.6%

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