OTPP to Invest an Additional $10 Billion in Canada by 2027
Freschia Gonzales of Wealth Professional reports pension fund to invest another $10 billion in Canada by 2027: Ontario Teachers' Pension Plan Board will put an additional $10bn into Canadian public and private investments by the end of 2027, targeting opportunities that meet its existing return objectives. Canada already accounts for approximately $100bn of the plan's gross assets, or about 30 percent of the total portfolio, according to the announcement. Ontario Teachers' described Canada as its home market and said its domestic holdings span multiple sectors, naming Arterra Wines, Cadillac Fairview, Canada Guaranty, Enwave, Fairstone Bank, GFL, Global Container Terminals, Heritage Royalty, HomeEquity Bank, and StackAdapt among them. Jo Taylor, president and CEO of Ontario Teachers', said in the plan's statement that about one-third of the fund's portfolio sits in Canada today. The pla...