Ontario Teachers’ delivers positive returns in first half of 2025

2025 mid-year highlights:

• Net assets at $269.6 billion.
• Six- and 12-month total-fund net returns of 2.1% and 7.1%.
• Long-term returns of 6.9% over ten years and 9.2% since inception.
• Fully funded for the 12^th straight year and plan sponsors have announced they will file a valuation with the regulatory authorities, with the preliminary surplus classified as a contingency reserve.

TORONTO, Aug. 11, 2025 /CNW/ – Ontario Teachers’ Pension Plan Board (Ontario Teachers’) today announced a total-fund six-month net return of 2.1%, or net investment income of $6.0 billion. The one-year total-fund net return was 7.1%. Net assets are $269.6 billion, up $3.3 billion from year-end (all figures are as at June 30, 2025, and in Canadian dollars, unless noted).

“The results for the first half of 2025 show the ability of our investment portfolio to generate a positive return while maintaining a cautious position on risk given prevailing market conditions. The total fund return was predominantly driven by our public assets, particularly gold. Our private assets were generally flat to negative in the period reflecting a challenging environment in those asset classes at present,” said Jo Taylor, President and Chief Executive Officer. “Looking ahead to the remainder of the year, our investment teams remain focused on delivering returns and working with portfolio companies to create value.”

Given the plan’s liabilities stretch decades into the future, results over longer periods are important. Ontario Teachers’ had an annualized total-fund net return of 9.2% since inception in 1990. The five- and 10-year annualized net returns were 7.5% and 6.9%, respectively.

The table below summarizes Ontario Teachers’ portfolio mix by asset class for the current period and previous year-end.

Full story available on Benzinga.com