The outcomes have been achieved in opposition to a backdrop of geopolitical uncertainty and international foreign money headwinds, notably from actions within the US greenback relative to the Canadian greenback. Public equities have been the standout asset class, delivering a 19.1 per cent return and serving as the most important contributor to absolute portfolio good points.
Contrastingly, and like a number of different pension plans have beforehand reported, non-public market returns have been extra subdued.
“Our focus is on producing constant returns for our purchasers by constructing effectively diversified growth-oriented portfolios whereas avoiding massive, concentrated positions, pointless complexity, efforts to market time and the pursuit of outperformance in areas the place we do not need any clear benefit. In an unsure atmosphere, that disciplined strategy continued to ship stable outcomes for our purchasers,” stated Bert Clark, president and CEO of IMCO, in an announcement.
On a three-year foundation, IMCO achieved a 7.6 per cent return, a consequence the group attributes partly to its more and more lively function in shaping consumer asset combine over that interval. 5-year returns, nevertheless, proceed to mirror the lingering impression of legacy asset allocations and investments that predate IMCO’s present technique.
IMCO’s chief funding officer Rossitsa Stoyanova famous that the longer the funding horizon extends, the extra efficiency displays IMCO’s core strategy.
