CPP Investments is committed to timely and continuous disclosure of significant new investments and asset sales.
In addition, we publish an annual list of market exposures obtained through derivatives linked to market indexes. Derivatives are types of financial contracts where the value of that contract is dependent on an underlying asset or benchmark, such as an index.
This represents a point-in-time snapshot. These index exposures are comprised of many individual derivatives contracts (swaps, options, futures) that are constantly maturing and being renewed or changed. However, we believe that this form of disclosure best represents the Fund’s investment exposures at fiscal year-end.
> Includes exposures to derivative securities that reference an index. These exposures are often referred to as synthetic. Voting rights are typically not attached to economic exposure attained through such derivative investments.
> Does not include positions managed by a third-party investment manager for which CPP Investments has no discretionary investment authority.
> Does not include exchange-traded funds (i.e. ETFs or Public Funds) which have been reported in the list on a direct basis.
| Index Exposure | Market Value (CAD $ millions) |
|---|---|
| MSCI Emerging Net Total Return USD Index | 10528 |
| MSCI Japan Net Total Return USD Index | 7273 |
| MSCI Japan Net Total Return Local Index | 7156 |
| CSI 300 Net Return Index | 2465 |
| MSCI Emerging Markets Taiwan Net Total Return USD Index | 2429 |
| S&P 500 INDEX | 1269 |
| MSCI Singapore Net Total Return USD Index | 716 |
| MSCI Hong Kong Net Total Return USD Index | 691 |
| FTSE Taiwan RIC Capped Net Tax Index | 594 |
| MSCI Emerging Markets Korea Net Total Return USD Index | 494 |
| S&P/TSX 60 Index | 331 |
| FTSE 100 Index | 308 |
| MSCI Singapore Free Index | 292 |
| S&P/ASX 200 | 269 |
| MSCI USA LOW CARBON TARGET | 257 |
| S&P 500 INDEX | 255 |
| MSCI USA Low Carbon Leaders Gross USD Index | 252 |
| S&P 500 Carbon Efficient Index (USD) TR | 251 |
| EURO STOXX 50 Price EUR | 223 |
| Dow Jones Industrial Average | 183 |
| IBEX 35 Index | 158 |
| MSCI Emerging Markets Mexico Net Total Return USD Index | 140 |
| MSCI New Zealand Net Total Return USD Index | 80 |
| MSCI Ireland Gross Return EUR Index | 71 |
| CSI 500 Net Total Return Index | 69 |
| Korea Stock Exchange KOSPI 200 Index | 59 |
| Deutsche Boerse AG German Stock Index DAX | 54 |
| Tokyo Stock Exchange Tokyo Stock Price Index TOPIX | 53 |
| FTSE 100 Index | 38 |
| FTSE China A50 Index | 33 |
| CAC 40 | 22 |