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Market Chatter: Pension Fund Deploys C$10 Billion at Home in 'Buy Canada' Push

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Canada's Public Sector Pension Investment Board said it invested C$10 billion ($7.2 billion) in the country over 12 months as it pushes ahead with plans to deploy more capital at home, Bloomberg is reporting Tuesday.

The pension manager posted a 6.5% return, trailing its benchmark for the 12 months ended March 31, according to its annual report released on Tuesday. Net assets under management rose 7%, to C$320.6 billion. The recent C$10 billion brings the total amount invested in Canada to more than C$75 billion.

"We are working across asset classes to really leverage what I call our home ice advantage," Chief Executive Officer Deborah Orida said in an interview, using a hockey metaphor.

(Market Chatter news is derived from conversations with market professionals globally, and/or from other media sources. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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