Canadian pension giant to invest more than 8 billion pounds in the United Kingdom

Stay in view of the free updates

Simply subscribe to Retirement pension industry Myft Digest – it is delivered directly to your inbox.

The second largest pension fund in Canada plans to invest more than 8 billion pounds in the United Kingdom over the next five years, in a batch to Chancellor Rachel Reeves because it seeks external investments to finance large infrastructure projects.

Caisse de Dépôt et plaquement du québecIn an interview with financial times, Charles Emimid, Charles Emimid, said in an interview with financial times in an interview, which runs 473 billion dollars (254 billion pounds) on behalf of 6MN for pensions, to increase the allocation of its assets in the United Kingdom by 50 percent over the next five years.

“We would like to be a partner for confidence and choice in the United Kingdom,” Emimid said, adding that the government’s plans to increase infrastructure spending was “a great opportunity and we would like to be there in the early stages to see if we can do something.”

He added that UK The “list of the list” will be compared to many other countries in terms of “preparation, clarity, transparency, status of the deal, implementation, seriousness and welcoming us … From this perspective, and I think the real things will come out of them.”

CDPQ-one of the world’s largest infrastructure investors-currently invests 32 billion dollars (17 billion pounds) in the United Kingdom, with assets including risk in Wales based Electricity generator is the first Hydro company And the wind farm in London in London, located in the mouth of the Thames.

The fund sold its share at Heathrow Airport late last year after having more than 16 years.

EMOND, who took control of CDPQ in 2020, said a year after joining ScotiaBank, he expected the fund’s allocation to Europe to grow on a wider scale of its current level of 15 percent of the portfolio to 17 percent, with a new investment on the assets associated with energy transmission.

“In Europe, energy security is very important … Governments have financial restrictions … This is the place where private capital can come like us,” said Emimid.

The fund -based fund plan comes from Montreal to increase investment in the United Kingdom, as well as in France and Germany, where it is preparing to rebalance assets away from the United States, which is currently about 40 percent of its portfolio.

The 52 -year -old CEO said that the U.S. was probably “cut a little” because it was “at the height of a decade of superior performance.” But he added that he remained “deeper, largest and closest market and we will continue to publish money there.”

The CDPQ is more in Britain, with 17 of the largest pension providers specified in the United Kingdom pledged to invest at least 5 percent of assets in their virtual money in British private markets by the end of the contract, and there is a step that will pay the hopes of the government 25 billion pounds from investing to the United Kingdom.

EMOND said this commitment from the UK pension funds can create a “positive synergy” and help attract more foreign investments to the United Kingdom. He said that CDPQ was keen to invest alongside British pension funds as “similar partners in thinking” with local knowledge.

The Fund currently owns $ 25 billion in France-its second largest market in Europe-which EMOND also expects a 50 percent increase by the end of the contract.

He added that he was investing “time and effort” in exploring opportunities in Germany, with the energy needs in the country and the mitigation rules in “a new beginning there with a lot of opportunities.”