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Quebec's Caisse posts 7.7-per-cent return in 2020 as real estate underperforms

Feb 25, 2021 - The Canadian Press

MONTREAL - The Caisse de depot et placement du Quebec posted a return of 7.7 per cent in 2020, below its benchmark index of 9.2 per cent as the investment fund plans changes to its portfolio in response to the COVID-19 pandemic.

The investment fund's performance was dragged down by real estate investments, which suffered during the pandemic. The Caisse's real estate portfolio, which includes shopping centers and office buildings, declined 15.6 per cent in 2020, the Caisse said.

"In ...