CDPQ posted a -13.1% return in Fixed Income, compared to -15.1% for its benchmark portfolio, representing nearly $3 billion in value added attributable to all credit activities.
Private credit investments and commitments continued in the first half of 2022, amounting to $8.5 billion
Real assets
CDPQ’s real estate and infrastructure assets produced positive returns of 7.9% over the first six months of 2022, far higher than its benchmark’s 2.4% returns.
Real estate saw a 10.2% return (beating the benchmark 11.4%) while infrastructure generated 5.8% (outperforming the benchmark’s negative returns of -5.5%).
“For the past two years, we’ve been working in an environment of extremes characterized by particularly fast and pronounced changes, added Emond. “These unusual and unstable conditions will persist for some time. In the short term, we’ll be watching what central banks do to contain inflation and how that impacts the economy. Our portfolio continues to be robust, and we remain disciplined in order to perform well in different market conditions.”
