Over half, 65 percent, of plans posted positive results during Q1, according to 2018 highlights of the BNY Mellon Canadian Trust Universe.
BNY Mellon Canadian Master Trust Universe, a BNY Mellon Global Risk Solutions fund-level tracking service, was plus 0.37 percent for Q1 2018, marking the eighth straight quarter of positive results.
Other highlights included a quarterly median return of minus 2.98 percent from Canadian equity, while Canadian foundations and endowments lagged behind with a median return of minus 0.07 percent.
BNY Canadian Master Trust Universe has a market value of $242.3 billion and an average plan size of $2.8 billion and can be used to make peer comparisons of performance by plan type and size. It consists of 85 Canadian corporate, public, and university pension plans.
Michael Garneau, vice president, relationship management, Eastern Canada, CIBC Mellon, said: “Sub-asset class performance data offered through the BNY Mellon Canadian Asset Allocation Trust Universe can be beneficial for Canadian asset owners, by assisting with owner insight into peer group data and supporting analysis of investment managers.”
Catherine Thrasher, managing director, Global Risk Solutions Canada, BNY Mellon Asset Servicing, said: "Canadian plans remained positive in Q1 2018 with 65 percent of plans posting positive results and a median return for the quarter of plus 0.37 percent, with a 2018 one-year median return of plus 6.88 percent. Canadian Universities posted a median return in Q1 of plus 0.26 percent and one-year median return results at plus 6.72 percent. Canadian Foundations and Endowments posted a negative median return of minus 0.07 percent in the first quarter, and plus 6.04 percent for the one-year time period."
She added: “The top performing asset classes in the first quarter were US equities and non-Canadian equities with a median return of plus 2.38 percent and plus 2.37 percent respectively. International equity was the best performing asset class over the one-year time horizon (plus 13.05 percent). The weakest performing asset class in Q1 was Canadian Equities with a median return of minus 2.98 percent and fixed income for the one-year time horizon with a median return of plus 2.62 percent.”
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