BCI ANNOUNCES 7.4 PER CENT ANNUAL RETURN FOR FISCAL 2022
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Thursday, July 21, 2022
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Highlights for fiscal year ending March 31, 2022:
Key Points:
- Highlights for fiscal year ending March 31, 2022:
British Columbia Investment Management Corporation (BCI) announced today an annual combined pension plan return of 7.4 per cent, net of all fees, for the fiscal year ended March 31, 2022, against a combined market benchmark of 4.6 percent. - BCIs 10-year annualized return for combined pension plans is 9.1 per cent against a benchmark of 8.0 per cent, representing $13.2 billion of value-add.
- Over the five-year period, BCI delivered an annualized return of 8.3 per cent, outperforming a benchmark of 7.3 per cent and generating $7.7 billion in added value.
- Our pension plan clients remain fully funded, with funding ratios ranging from 105 per cent to 128 per cent.