Particle.news
Get it on Google Play
Download on the App Store
3 ARTICLES
·
11mo ago

Caisse Tops Benchmarks With 4.6% H1 Return and Warns on U.S. Tariffs

Management cautions that unresolved U.S. tariffs could heighten risks for the remainder of 2025 after a depreciating dollar dented returns despite partial hedging.

The Caisse recorded a return of 4.6 per cent during the first six months of the year. The Caisse head office in Montreal, Wednesday, Aug. 16, 2023. THE CANADIAN PRESS/Christinne Muschi

Overview

  • The fund posted a 4.6% return through June, outpacing its 4.3% benchmark and adding $23 billion to reach $496 billion in net assets.
  • Long-term performance stayed robust as the Caisse surpassed its five- and ten-year benchmarks and averaged about 7% annual returns over the past decade.
  • Public equities led the rally with a 6% gain, infrastructure returned 4.5%, private equity rose 3.4%, and real estate lagged with just a 0.1% increase.
  • A rapid U.S. dollar depreciation reduced returns, but the Caisse’s currency-hedging strategy recouped nearly half of the potential losses.
  • CEO Charles Emond described 2025 as a transition year and warned that the full economic effects of U.S. tariff measures remain unresolved, posing downside risks for investors.