CIBC Mellon sees mixed results for Q3 02 November 2018Toronto Reporter: Jenna Lomax
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The median return of the BNY Mellon Canadian (CIBC) Master Trust was 0.42 percent for Q3 2018.
The result marks 10 consecutive quarters of positive results for CIBC.
The one-year median return was 7.37 percent, while the median 10-year annualised return was 8.22 percent.
Median returns for Canadian plans over $1 billion outperformed the median return of the BNY Mellon Canadian Master Trust Universe by seven basis points for Q3 2018.
Though, equity segment returns were mixed for Q3, displaying both negative and positive performance.
Canadian Equity posted a quarterly median return of -0.14 percent. The US equity median quarterly return was strong at 4.69 percent.
CIBC found international equity and non-Canadian equity returns stood at -0.39 percent and 1.77 percent.
Emerging markets equity posted a negative median return for the quarter of -3.02 percent.
The fixed income median return was -1.29 percent in Q3.
Private equity reported a median return of 2.36 percent, followed by real estate at 1.55 percent, and hedge funds at -1.11 percent for the quarter.
The trust is designed to provide peer comparisons by plan type and size, and it comprises 81 Canadian corporate, public and university pension plans.
The results are based on $235.7 billion worth of investment assets in Canadian investment plans, with the average plan size of $2.9 billion.
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