Yes, thank you, Chair.
Thanks to our witnesses for being here.
My question is regarding the proposed amendment to the Canada Pension Plan Investment Board Act, which would allow for three non-resident directors to be elected to the board.
First of all, the pool of assets that the investment board oversees is close to $180 billion. It must be one of the largest in Canada, if not the largest in Canada, and probably one of the largest in the world as well. I'd imagine that a significant portion of that fund is invested overseas. Simply because of the sheer magnitude of the fund, you can't invest it all in one place.
Can you tell me approximately what percentage of the fund is invested overseas at this time?