Canada's pension giant plans to invest over £8 billion in the UK.

robot
Abstract generation in progress

On May 25, Jin10 reported that the second largest pension fund in Canada, the Caisse de dépôt et placement du Québec (CDPQ), announced plans to invest over £8 billion in the UK over the next five years. This will give a boost to the fundraising plan of UK Chancellor of the Exchequer, Jeremy Hunt, aimed at infrastructure development. In an interview, the fund’s CEO, Charles Emond, revealed plans to increase asset allocation in the UK by 50%. Currently, CDPQ manages assets worth CAD 473 billion (£254 billion) on behalf of 6 million contributors, with existing investments in the UK including equity in the Welsh Water and the London Array offshore wind farm in the Thames Estuary, totaling approximately £17 billion.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)