PSP Investments delivers solid financial returns in a complex investment environment

PSP Investments Quebec

Net assets under management as of March 31, 2024 increase to $264.9 billion.Fiscal year ends at March 31, 2024 with one-year return of 7.2%.Ten-year net annualized return of 8.3% leads to $24.5 billion in cumulative net investment gains above Reference Portfolio, indicative of long-term added value through strategic asset allocation and active management decisions.or consult CGF's first annual report.

Corporate highlights

Our mission, mandate, and strong sense of duty inform our decisions, underpin our success, and shape our strategies and culture. In addition to delivering solid performance and being well positioned for continued growth, PSP Investments continued to make important progress on strategic priorities.

Key accomplishments for the fiscal year 2024:

We developed a three-year strategic plan that leverages PSP Investments' unique strengths as we aim to enhance our capabilities to deliver superior risk-adjusted returns, manage funding risk and execute with coordinated excellence to maintain a high level of stakeholder trust.We further enhanced our climate investing capabilities across asset classes, portfolio construction and enhanced data collection. By integrating material climate change considerations into our investment process, we aim to mitigate risks and capitalize on value creation opportunities in the transition to a low-carbon economy. More details about PSP Investments' progress on sustainability and climate innovation will become available later this fall as part of our upcoming 2024 sustainability report.We reinforced the importance of our mission and refreshed our core values, emphasizing how they guide our actions and decisions, ensuring that we foster a culture where we can excel, individually and collectively, and tap into our diverse experiences to improve performance.Effective April 1, 2024, Mr. Patrick Charbonneau, President and Chief Executive Officer, Canada Growth Fund Investment Management, joined PSP Investments' senior management team.

For more information on PSP Investments' fiscal year 2024 performance, download the annual report here.

About PSP Investments
The Public Sector Pension Investment Board (PSP Investments) is one of Canada's largest pension investors with $264.9 billion of net assets under management as of March 31, 2024. It manages a diversified global portfolio composed of investments in capital markets, private equity, real estate, infrastructure, natural resources, and credit investments. Established in 1999, PSP Investments manages and invests amounts transferred to it by the Government of Canada for the pension plans of the federal Public Service, the Canadian Forces, the Royal Canadian Mounted Police and the Reserve Force. Headquartered in Ottawa, PSP Investments has its principal business office in Montréal and offices in New York, London and Hong Kong. For more information, visit investpsp.com or follow us on LinkedIn.

Media Contact : Maria Constantinescu, PSP Investments, Phone: [phone], Email: [e-mail]

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