Federal pension manager shifts more focus to investing in Canada, other non-U.S. regions
With U.S. markets gripped by instability, PSP is looking at ways to refresh its portfolio.Adrien Veczan/The Canadian Press
The Public Sector Pension Investment Board is focusing more on investing in Canada and outside the United States after wild swings in markets tested the $300-billion fund, which earned 12.6 per cent in its fiscal year ended March 31.
Months of turmoil from tariffs and trade disputes, combined with the threat of punitive new U.S. tax measures, are prompting PSP Investments to think twice about where it makes its next deal.
PSP manages pensions for the federal public service, Canadian Armed Forces and the RCMP. More than 40 per cent of its assets are invested in the U.S. – double the 20 per…
