Strong Results Highlight AIMCo’s Second Quarter Performance Report
Q2 2021 Highlights
5.2% total fund net return
8.1% annualized 10-year total fund net return
$2.1 billion in value-add compared to the benchmark return
$123.4 billion assets under management
AIMCo is pleased to announce continued outperformance of its investment benchmarks on behalf of its clients. For the second quarter of 2021, AIMCo earned a total fund return — reflecting a composite of its clients’ portfolios — of 5.2% net of all fees relative to an aggregate benchmark of 3.4%. Total client assets under management ended the quarter at $123.4 billion.
As of June 30, 2021, AIMCo has earned a year-to-date total fund return of 7.3%, surpassing its benchmark by 3.5%. The annualized total fund returns over four and ten years are 6.9%, underperforming its benchmark by 0.1%, and 8.1%, outperforming its benchmark by 0.5%, respectively.
In addition to the release of its annual report each June, AIMCo will now issue a quarterly performance report. “We invest our clients’ funds for the long term,” said Evan Siddall, Chief Executive Officer. “Nevertheless, quarterly performance reporting demonstrates accountability to our clients and Albertans. It reflects a commitment to rigour and excellence that we owe to our stakeholders and we believe will promote stronger long-term results.”
“Client portfolios continued to perform well amidst dynamic market conditions, generating $4.0 billion of value-add above benchmarks over the first half of 2021,” said Dale MacMaster, Chief Investment Officer. “This outcome has been driven by solid performance in all asset portfolios, notably public and private equity. Despite rising yields during the early part of 2021, fixed income also contributed to AIMCo’s strong second quarter performance.”