Canadian plan returns hurt by drop in fixed-income markets
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Canadian corporate and public pension plan returns in the RBC Investor & Treasury Services universe were flat in the first quarter, with a slight median gross decline of 0.2%.
The return for the quarter (down from a 5.4% increase in the fourth quarter) was primarily due to fixed-income securities losing ground during a quarter that saw global equity markets continue to rally, according to a news release Thursday.
Fixed-income assets held by pension plans had a median return of -7.1% in the three months ended March 31, compared to a return of 1.1% in the prior quarter.
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MONTREAL, Dec. 22, 2020 /CNW Telbec/ - Desjardins Global Asset Management Inc. (DGAM), acting as manager and portfolio advisor of the Desjardins Exchange Traded Funds (ETFs), announces today the estimated annual reinvested income and/or capital gains distributions (the reinvested distributions ) for the ETFs listed on the TSX. Unitholders of record on December 31, 2020 will receive the reinvested distributions payable in respect of these ETFs on or about January 8, 2021. The reinvested distributions will be reinvested in units of the applicable ETF and the resulting units will be immediately consolidated, so that the number of units held by each investor will not change. Investors holding their units outside registered plans will have taxable amounts to report and an increase in the adjusted cost base of their units.