By Staff
The Workplace Insurance and Safety Employee Trust is
reporting a net return of 11.3% for the fiscal year 2024.
Indeed, WISE Trust said it increased pension plan assets of
the Workplace Safety and Insurance Board Employees in Ontario to a total of
$4.46 billion, enhancing long-term sustainability of the plan and its ability
to deliver financial security to members in retirement.
The return for 2024 was led by strong results in WISE
Trust’s Canadian, global and emerging market public equities, and global credit
portfolios, said Christopher Brown, the plan’s chief executive officer, in a
press release. He also credited the boost in net return to its collaborative
partnership with the Investment Management Corporation of Ontario — WISE
Trust’s exclusive investment manager — in providing the plan with
diversification across asset classes.
“Despite a challenging economic environment, this
impressive return aids in enhancing benefit security for our 10,000+ members and beneficiaries,” said Brown. “We have again this year comfortably
exceeded the target return for the portfolio, which will serve the plan well as
we navigate the uncertainty that has characterized the early months of
2025.”
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