OMERS returns 11.9% in 2019 while infra return slows down

24 February 2020 - 12:00 am UTC

Ontario Municipal Employees Retirement System (OMERS) reported a net return of 11.9%, or USD 11.5bn, for 2019 that was propelled by a surging public market, according to a press release on 24 February.

This compares with 2018’s net return of 2.3%, which was impacted by tough stock market conditions.

Net assets increased to USD 109bn, up from USD 97bn in 2018.

Infrastructure returned 8.7% in 2019, compared with 10.6% in 2018. Infrastructure takes up 19% of the total fund, up from 18% in 2018.

“All asset classes generated positive returns, led by public equities,” said Michael Latimer, CEO of OMERS. “Over the past five years, we have earned USD 9.8bn of net investment income over the amount required to fund our pension obligations.”

OMERS funded status improved to 97% in 2019.

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