OPB sees 10.8 pct return in 2017, grows assets to $26.4 bln

Ontario Pension Board (OPB), the administrator of Ontario's Public Service Pension Plan, reported an investment return of 10.8 percent for last year, exceeding its portfolio benchmark by 0.4 percent. Income from investments, which reached $2.5 billion in 2017, helped push OPB's net assets to $26.4 billion. OPB continued shifting assets from public to private markets in 2017, increasing its infrastructure portfolio by 15.8 percent, its private equity portfolio by 53.5 percent, and its real estate portfolio by 18.1 per cent. Since last July, OPB's investing has been overseen by the Investment Management Corp of Ontario (IMCO).

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