Fonds de solidarité FTQ posts 7.5 pct return, $14.3 bln in assets
Fonds de solidarité FTQ reported comprehensive income of $1 billion for its fiscal year ended May 31, 2018. It posted an overall annual return of 7.5 percent, driven by an investment portfolio return of 14.1 percent. As a result, total net assets of the Montréal-based development-capital investment firm increased to $14.3 billion. During the year, the Fonds invested $1.1 billion, primarily in Québec-based businesses. At the end of May, it had 2,839 partner companies and 667,417 shareholders.
5 July 2018•3 mins read
