Additional Information to the 2002 Annual Report (CDPQ)

Summary

• Assets under management stood at $77.5 billion at 31 December 2002.p.7
• The Mortgages composite returned 11.30% for the year against 8.73% for its index.p.11
• The Bonds composite returned 9.61% for the year against 8.73% for its index.p.13
• The Canadian equities composite returned -19.88% for the year against -12.44% for its index.p.15
• The US equities (hedged) composite returned -24.94% for the year against -21.96% for its index.p.17
• The Emerging markets equities composite returned -18.35% for the year against -7.14% for its index.p.25
• The Real estate composite returned 8.04% for the year against 7.01% for its index.p.29

Key insights

1. Listed investments make up about 67% of the Canadian equities composite and private investments about 33%.p.16
2. Listed investments make up about 92% of the Bonds composite and private placements about 8%.p.14
3. The EAFE foreign equities (hedged) composite returned -28.35% for the year against -27.31% for its index.p.21
4. Operating expenses for the Real estate composite were 96 basis points for the 12 months to 31 December 2002.p.31