The market value of assets held by Canadian trusteed pension funds rose by 0.6% in Q2 2018 to surpass $1.9 trillion, Statistics Canada announced Thursday.
On a year-over-year basis, the market value of assets grew 7% over Q2 2017, StatsCan says in a release.
Bond assets grew by 1.5% in Q2 2018 to $610.5 billion, while equity holdings were more or less unchanged at $574.9 billion. Real estate assets saw the largest increase in the quarter, rising by 2.5% to $186.7 billion. Mortgage investments dropped by 13.9% to $24.6 billion.
Pension fund revenue increased 1.7% in the second quarter to $43.1 billion. Revenue from contributions led the rise, up 12.4% to $16.3 billion. Profit on the sales of securities declined 9.8% to $11.0 billion, while investment income was up 10% in Q2 2018 to $14.9 billion.
Pension expenditures increased by 8.2% in Q2 2018 to $24.1 billion, and net income declined by 5.4% in the quarter to $19.1 billion.