“As of 31 March 2024, our total assets in India reached C$28 billion ( ₹1.7 trillion or $20 billion),” the firm’s spokesperson told Mint, also indicating this was the fund’s highest ever assets under management (AUM) recorded for India. In FY23, its India AUM stood at C$20 billion.
Globally, the Canadian pension fund manager’s AUM increased to C$632 billion in FY24 from C$570 billion in the previous year, driven by strong performances across public equities, private equity, and sectors like infrastructure and energy.
Despite these gains, CPP Investments has reduced its allocation targets for emerging markets, which includes India.
The fund explained in its latest annual report that it observed an “overall weaker performance of emerging markets compared to developed markets” and a downturn in real estate assets. It attributed some of the lacklustre performance in…
