{"id":18177,"date":"2020-04-24T15:00:31","date_gmt":"2020-04-24T19:00:31","guid":{"rendered":"https:\/\/www.benefitscanada.com\/news\/a-tough-first-quarter-for-canadian-pension-managers-pooled-funds-145430"},"modified":"2020-04-24T15:00:31","modified_gmt":"2020-04-24T19:00:31","slug":"a-tough-first-quarter-for-canadian-pension-managers-pooled-funds","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2020\/04\/24\/a-tough-first-quarter-for-canadian-pension-managers-pooled-funds\/","title":{"rendered":"A tough first quarter for Canadian pension managers\u2019 pooled funds"},"content":{"rendered":"<div class=\"alignleft clearfix\">\n<div class=\"wp-caption feature-image alignleft\"> <img decoding=\"async\" loading=\"lazy\" width=\"316\" height=\"190\" src=\"https:\/\/www.benefitscanada.com\/wp-content\/uploads\/2019\/10\/Investment-Decline.png\" class=\"attachment-feature size-feature wp-post-image\" alt title=\"A tough first quarter for Canadian pension managers\u2019 pooled funds\"> <\/div>\n<\/p><\/div>\n<p class=\"byline\"> <span>Staff<\/span>&nbsp;|&nbsp;April 24, 2020 <\/p>\n<p>It\u2019s no surprise that Canadian pension funds had a rough first quarter of 2020 and the latest data from Morneau Shepell Ltd.\u2019s universe of pension managers\u2019 pooled funds confirms just that.<\/p>\n<p>During the quarter, diversified pooled fund managers saw a median return of negative 10 per cent before management fees, which was 0.9 per cent lower than the benchmark portfolio used by many pension funds, according to the report.<\/p>\n<p>\u201cStock markets experienced a strong correction in the first quarter following the COVID-19 crisis and the oil dispute,\u201d said Jean&nbsp;Bergeron, vice-president of Morneau Shepell\u2019s asset and risk management consulting team, in a press release. \u201cThese events generated significant volatility in the stock and bond markets.\u201d<\/p>\n<p><strong>Read:&nbsp;<a href=\"https:\/\/www.benefitscanada.com\/news\/2019-a-strong-year-for-pension-managers-pooled-funds-morneau-shepell-141921\">2019 a strong year for pension managers\u2019 pooled funds<\/a><\/strong><\/p>\n<p>In particular, the bond market saw a positive return of 1.6 per cent, whereas the Canadian equity S&amp;P\/TSX composite index posted a return of negative 20.9 per cent. Also dismal, the U.S. S&amp;P 500 index returned negative 12.2 per cent in Canadian dollars, the MSCI world global markets index returned negative 13.3 per cent and the emerging markets index returned negative 16. 9 per cent.<\/p>\n<p>\u201cThe current crisis is having a significant impact on pension fund financial positions,\u201d said Bergeron. \u201cThe negative returns and the higher solvency liability caused by the decrease in interest rates means that pension fund financial positions fell by an average of eight per cent to 16 per cent.\u201d<\/p>\n<p><strong>Read:&nbsp;<a href=\"https:\/\/www.benefitscanada.com\/news\/pooled-pension-fund-managers-rebound-in-2019-129393\">Pooled pension fund managers rebound in 2019<\/a><\/strong><\/p>\n<p> <a href=\"https:\/\/www.benefitscanada.com\/news\/a-tough-first-quarter-for-canadian-pension-managers-pooled-funds-145430\">Read the full article at BenefitsCanada.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Staff&nbsp;|&nbsp;April 24, 2020 It\u2019s no surprise that Canadian pension funds had a rough first quarter of 2020 and the latest data from Morneau Shepell Ltd.\u2019s universe of pension managers\u2019 pooled funds confirms just that.&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/18177"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=18177"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/18177\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=18177"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=18177"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=18177"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}