For 1996, the TSE 300 was up 28.4% and the ScotiaMcleod Bond Universe Index was up 12.3%.
The York Pension Fund is a balanced Fund with approximately 40% in Canadian equities (stocks), 40% in Canadian debt securities (bonds) and 20% in Foreign investments. The actual investment decisions for the Fund are made by three professional management companies and the performance of the Fund is monitored by a sub-committee of the Board of Trustees of the Fund.
A rate of 17% on an absolute basis may seem on the high side but according to SEI, a rating service that the Fund employs to compare performance, the York Fund rated relatively low for 1996 with other similar but not identified Funds. The reason was identified to be the weak performance of one of the three management companies.
In my summary, click on
I also give a comparison of York's fund to other Funds using moving 4 year equivalent compounded yearly returns, i.e. the equivalent yearly compounded return for $1 invested 4 years prior to the end of the given year.