Fonds de solidarité FTQ reports record share value, assets of $10.5 bln
The Fonds de solidarité des travailleurs du Québec FTQ has reported a new record for its share value, which stood at $31.36 at the end of November 2014. This translated into a 6-month return of 3.5 percent and a 12-month return of 7.4 percent. The Fonds de solidarité FTQ also reported comprehensive income of $351 million as of November 30, which increased its net assets to $10.5 billion. It also said it has invested $240 million in unsecured risk capital in Québec businesses. Last June, the Montréal-based firm appointed Gaétan Morin as its new president and CEO.
5 January 2015•4 mins read
