TORONTO: Currency effects have caused US assets to surge to nearly half of Canada’s national pension fund, as its managers face pressure from within the country’s business community to invest more domestically.
Canada Pension Plan Investment Board’s (CPPIB) total exposure to the US market grew to 47% of its C$714bil or about US$514bil portfolio as of the end of March, according to its annual report released Wednesday. That’s up from 36% two years earlier.
