The objective of the Canada Pension Plan Investment Board is really to maximize returns, and international investments help ensure that while minimizing risk. As I understand it, your organization is different from the Caisse de dépôt et placement du Québec, whose concurrent objective is to develop Quebec’s economy.
Thank you.
When we look at your rates of return, which are excellent overall, we see that, in 2016, returns were lower than expected.
What accounts for this anomaly and what are you doing differently this year? Is it different from other boards or other investment funds?