CPP Plans to Up Real Estate And Infra Investments

(Reuters) – The Canada Pension Plan Investment Board (CPPIB) said on Thursday aims to boost its real estate and infrastructure investments in fiscal 2010 as it looks to take advantage of opportunities arising from the global economic crisis.

The CPPIB, one of Canada’s largest pension funds, said its projected portfolio at the end of fiscal 2010 would see infrastructure investments increase to 6.5 percent from 4.3 percent, while targeting a real estate allocation of 7 percent, up from 6.5 percent. (Reporting by Ka Yan Ng; Editing by Jeffrey Hodgson)