The McGill University Pension Plan’s Balanced Account achieved an impressive gross rate of return of 10.1 per cent in 2014, capping off an excellent year for growth.
A high-level summary of the Balanced Account’s performance as of December 31, 2014 is available in the table below:
Balanced Account Performance |
||
Asset class |
Annualized returns |
% of total holdings |
Equity Pool (stocks) |
10.3% |
69.7% |
Fixed Income -Pool (e.g. bonds) |
9.3% |
30.3% |
Total Growth: |
10.1% |
100% |
On April 27, the McGill University Pension Plan published its 48-page Annual Report for 2014, which provides more extensive details about the Pension Plan’s holdings and performance.
Annual meeting and vote
All plan members are invited to the May 1 Pension Plan Annual Meeting, where the plan’s performance will be discussed further. Members also have until 12:00 p.m. on May 1 to cast their ballot in favour of or against voting procedures to be used when electing member representatives on the Pension Administration Committee.
McGill’s pension fund, worth about $1.4 billion, includes over 9500 current and former McGill employees.