OMERS Reports 2020 Financial Results
After seeing an 11.9% net return in 2019, Covid-19 has brought that crashing into negative territory for 2020…
“The effects of the global COVID-19 pandemic negatively impacted our portfolio in 2020, particularly our business- and consumer-facing investments, contributing to an investment return net of expenses of -2.7% for the year. Widespread lockdowns in investments that included retail properties, and the transportation and entertainment sectors explain more than half of our shortfall to our benchmark in 2020.”
You can read more of the 2020 Financial report by following the link below.
OMERS Reports 2020 Financial Results: paying pensions over decades means a long-term approach