Staying the course.
With four pension and benefit plan funds under its purview, the Saskatchewan Teachers’ Federation runs a global investment program focused on creating stable returns for sustainable benefits. To best meet this goal, the Federation employs a professional in-house investment team, with enhanced systems and reporting, and an evolving strategy that has grown to include assets like infrastructure and real estate.
The year ending June 30, 2022, presented significant investment challenges marked by a rapid rise in inflation which caused central banks to significantly increase interest rates. Both bond and equity markets responded with steep draw downs, which negatively affected the STF’s annual investment returns and asset base.
The investment team has been steadily increasing investments in real estate, infrastructure, private credit and private equity, and these assets delivered strong returns, mitigating some of the bond and equity losses. The Federation ended the year ending June 30, 2022, with a one-year -7.3 percent total-fund return.
With $7.0 billion in total assets, the STF continues to manage one of the largest asset bases in Saskatchewan. The Federation’s investment program continues to grow as one of the country’s leading benefits investors.
Note: In addition to the benefit plan funds, the STF also invests other smaller funds that help support the operations of the Federation.