{"id":46574,"date":"2022-07-26T14:02:02","date_gmt":"2022-07-26T12:02:02","guid":{"rendered":"https:\/\/pharma-trend.com\/en\/lifeworks-releases-the-results-of-its-performance-universe-of-pension-managers-pooled-funds\/"},"modified":"2022-07-26T14:02:02","modified_gmt":"2022-07-26T12:02:02","slug":"lifeworks-releases-the-results-of-its-performance-universe-of-pension-managers-pooled-funds","status":"publish","type":"post","link":"https:\/\/pharma-trend.com\/en\/lifeworks-releases-the-results-of-its-performance-universe-of-pension-managers-pooled-funds\/","title":{"rendered":"LifeWorks releases the results of its Performance Universe of Pension Managers\u2019 Pooled Funds"},"content":{"rendered":"
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\nPension funds post sharp declines in the second quarter of 2022<\/b>\n<\/p>\n

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TORONTO–(BUSINESS WIRE)–LifeWorks (TSX: LWRK) has released the results of its Performance Universe of Pension Managers\u2019 Pooled Funds for the second quarter of 2022.\n<\/p>\n

\nAccording to the report, in the second quarter of 2022, diversified pooled fund managers posted a median return of negative 9.4 per cent before management fees.\n<\/p>\n

\n\u201cMost equity markets declined in the second quarter. The Canadian S&P\/TSX Composite Index decreased 13.2 per cent in the quarter while the MSCI World Index delivered a negative 13.4 per cent return (in Canadian dollars) and the U.S. S&P 500 Index lost 13.5 per cent (in Canadian dollars). The emerging markets index also declined, for a return of negative 8.4 per cent (in Canadian dollars). The Canadian bond market as a whole decreased by 5.7 per cent,\u201d said Jean Bergeron, a partner in the LifeWorks investment and risk consulting team.\n<\/p>\n

\n\u201cThe financial position of pension funds has declined on a solvency basis over the second quarter. We estimate that the solvency ratio of a typical pension fund has decreased by around 1.8 per cent over the second quarter of 2022. Since the beginning of the year, the solvency ratio of a typical pension fund has decreased by about 0.5 per cent,\u201d added Bergeron.\n<\/p>\n

\nDuring the second quarter of 2022, diversified pooled fund managers obtained, on average, returns higher than the benchmark portfolio. The median return was negative 9.4 per cent, higher 1.5 per cent than the benchmark portfolio used by many pension funds (with an allocation of 55 per cent in equity and 45 per cent in fixed income).\n<\/p>\n

\nCanadian bonds<\/b>\n<\/p>\n

\nIn the second quarter of 2022, managers obtained a median return of negative 5.8 per cent on bonds (Universe mandate), which was 0.1 per cent lower than the benchmark index.\n<\/p>\n

\nDuring the second quarter of 2022, short-term, mid-term and long-term bond indices posted returns of negative 1.50 per cent, negative 4.8 per cent and negative 11.8 per cent, respectively. The high-yield bond index posted a return negative 5.0 per cent, while the real return bond index provided a negative 8.9 per cent return.\n<\/p>\n

\nCanadian equities<\/b>\n<\/p>\n

\nIn the second quarter of 2022, the median return for Canadian equity managers was negative 10.9 per cent, which was 2.3 per cent higher than the negative 13.2 per cent posted by the S&P\/TSX Index.\n<\/p>\n

\nDuring the second quarter of 2022, the S&P\/TSX Small Cap Index dropped 20.8 per cent, whereas the S&P\/TSX Completion Index representing mid-cap stocks decreased of 15.3 per cent, and the large-cap S&P\/TSX 60 Index posted a return negative 12.7 per cent.\n<\/p>\n

\nForeign equities<\/b>\n<\/p>\n

\nForeign equity managers\u2019 median returns and appropriate benchmark index returns for the second quarter of 2022 are as follows:\n<\/p>\n