The OMERS Capital Markets’ return of negative 0.22 per cent is below the benchmark of 1.26 per cent largely driven by under performance in Canadian public equities. OMERS Capital Markets generated a net investment loss of $296 million in 2011 compared with net investment income of $3,036 million a year earlier. Asset allocation shifts were made in 2011 resulting in an underweight position against the benchmark in public equities and an overweight position against the benchmark for interest bearing investments and real return bonds.
At December 31, 2011 OMERS Capital Markets net investment assets were $30,357 million compared with $30,654 million at the end of 2010.