CPP's Net Assets Rise in Fiscal 2011

The CPP Investment Board, which invests the funds not needed by the Canada Pension Plan to pay current benefits, has reported its results for its 2011 fiscal year, which ended on March 31, 2011. The CPP Fund's portfolio returned 11.9% for fiscal 2011 and closed the fiscal year with $148.2 billion of net assets, up from $127.6 billion a year earlier. With a value of $22.7 billion, PE accounts for 15.3% of the CPP's investment portfolio.