Caisse de depot et placement du Quebec – Canada’s 2nd-largest pension fund – revealed on Wednesday it’s plans to open its first office in India.
The fund will be scouting South Asian investments across all asset classes.
More from Reuters:
Canadian pension funds are expanding into new territories and investing directly in assets such as infrastructure and real estate as they seek alternatives to volatile global equity markets and low-yielding government bonds.
India is viewed as a prime investment opportunity, given its rapid economic growth and burgeoning middle class. The Canadian Pension Plan Investment Board, Canada’s biggest public pension fund, set up an office in Mumbai last year to scout for opportunities.
Caisse Chief Executive Officer Michael Sabia in a statement cited India’s “scope and quality of investment opportunities, the potential for strategic partnerships with leading Indian entrepreneurs, and the current government’s intention to pursue essential economic reforms.”
The Caisse also announced a commitment to invest $150 million in renewable energy in India.
Caisse managed about $230 billion in assets as of June 2015.
Photo by Thangaraj Kumaravel via Flickr CC License
Deprecated: Function get_magic_quotes_gpc() is deprecated in /home/mhuddelson/public_html/pension360.org/wp-includes/formatting.php on line 3712
Deprecated: Function get_magic_quotes_gpc() is deprecated in /home/mhuddelson/public_html/pension360.org/wp-includes/formatting.php on line 3712
Deprecated: Function get_magic_quotes_gpc() is deprecated in /home/mhuddelson/public_html/pension360.org/wp-includes/formatting.php on line 3712