Our investment strategy is set out in the Statement of Investment Policies and Procedures (SIP&P). Our team oversees that strategy with the goal of maintaining a well-diversified portfolio of investments, which will ultimately deliver the best risk-adjusted returns to support our members.
We manage one of Atlantic Canada’s largest pension funds, with over $11 billion under management. Since our start in 2017, we continue to innovate and evolve our investment strategy.
Mark , VP, Investments & Chuck, CEO
At Provident10, we focus on the strategic diversification of our asset mix, with strong results and we continue to research, monitor and report on the market.
The current mix includes four key areas, which is reassessed every three to five years to ensure it remains aligned with the Plan’s Funding Policy and investment goals.
We believe that our long-term success will depend – in part – on our well-diversified portfolio of investments.
Also known as stocks, these can be shares of a publicly traded company – something you would see listed on an exchange or investments in private equity. Equity is often seen as more volatile and typically carries greater risk but has the potential to deliver stronger performance over a long-term period.
Real assets are investments like real estate and infrastructure. These can offer strong risk-adjusted returns and often respond to the market differently relative to asset classes like stocks. Since these are tangible assets, they’re typically also a longer-term investment.
Fixed income includes bonds and other debt instruments – investments that generate returns in the form of interest. They are typically seen as lower risk than equities, as they can be more predictable in their returns.
Absolute return is an asset class that focuses on delivering a positive return over time, regardless of how the broader market performs. This can include a number of different investment types to diversify, manage risk and deliver an absolute return.
The Fund’s portfolio performance is measured by two key metrics:
This outperformance, or added value, allows for the evaluation of the effectiveness of the investment strategy and its implementation at the total Fund level. Benchmarks are valuable tools we use to measure performance of individual asset classes and the managers who invest in them on our behalf.
We use a thorough and rigorous risk-controlled approach by choosing an optimized risk level within a multi-year framework and by selecting and weighting asset classes to achieve a target return. By identifying an acceptable risk threshold, we can determine the mix of assets with the best chance to achieve its goal.
Discover how we’ve performed, the ways that we served our members, and our path forward.
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Russell, Investment Student
Luzviminda, Member
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