Northern Trust Pension Universe Data: Canadian Pension Plan Investments Weather Rough Markets in First Quarter 2020
Northern Trust Corporation (NTRS)
Last northern trust corporation earnings: 4/21 07:29 am
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Source: Business Wire
TORONTO--(BUSINESS WIRE)--Canadian defined benefit plans witnessed a contraction in investment returns in the first quarter of 2020, according to the Northern Trust Canada Universe, finishing with single-digit losses at the median after enduring a historic period of market volatility and economic turmoil resulting from the global pandemic crisis.“Canadian pension plans demonstrated resiliency during a period of extreme market stress, with the median plan in the Northern Trust Canada Universe posting a return of -7.1 percent for the first quarter -- a modest decline in light of the unprecedented conditions,” said Katie Pries, President and CEO of Northern Trust Canada. “In a volatile market riddled with fear, uncertainty and unpredictability, Canadian pension plan sponsors navigated through uncharted territory, seeking a path to safety for the health of their employees as well as the preservation of their retirement pensions.”The Northern Trust Canada Universe tracks the performanc
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