BCI at a Glance

BCI is a global investor that seeks investment opportunities in quality assets. We invest patient capital in stable companies that produce consistent cash flow and appreciate over time. We invest for the long-term, utilizing the scale of assets under management to our advantage. As an active asset manager, we use sophisticated strategies to increase the probability of meeting our clients’ actuarial rate of return.

ANNUALIZED PENSION RETURNS1, 2 (%)
For the periods ended March 31, 2022

1 Reflects the investments of BCI’s six largest pension plan clients, namely: BC Hydro Pension Plan; College Pension Plan; Municipal Pension Plan; Public Service Pension Plan; Teachers’ Pension Plan; and WorkSafeBC Pension Plan.

2 Includes the impact of client currency hedging policies, where set.
CUMULATIVE VALUE ADDED1 BY BCI ($ BILLION)
For the periods ended March 31, 2022

Value-add is the additional return in dollars BCI generated for clients in excess of client benchmarks through active investments and excluding the impact of clients’ currency hedging policies, after all costs and fees.

1 Reflects the investments of BCI’s six largest pension clients, namely: BC Hydro Pension Plan; College Pension Plan; Municipal Pension Plan; Public Service Pension Plan; Teachers’ Pension Plan; and WorkSafeBC Pension Plan.

TOTAL NET ASSETS UNDER MANAGEMENT ($ BILLION)

For the year ended March 31, 2022

Assets Under Management

For the year ended March 31, 2022
Public Markets $ BILLION %
Fixed Income $78.0 BILLION 37.0%
Public Equities $64.3 BILLION 30.5%
Other Strategies1 $(17.6) BILLION (8.4)%
Private Markets $ BILLION %
Private Equity $24.8 BILLION 11.8%
Infrastructure & Renewable Resources $20.2 BILLION 9.5%
Quadreal Property Group2  $ BILLION  %
Real Estate Equity $33.6 BILLION 15.9%
Real Estate Debt3 $7.8 BILLION 3.7%
Net Assets Under Management $211.1 BILLION 100.0%

1 Other Strategies includes leverage liabilities and client currency hedging policies.
2 BCI established QuadReal Property Group in 2016 to manage our clients’ real estate equity portfolios. Management of our real estate debt portfolio was transferred to QuadReal in 2019. These two programs represent 19.6 per cent of BCI’s total assets under management as at March 31, 2022.
3 The Mortgage program was renamed Real Estate Debt during fiscal 2022.

GLOBAL DISTRIBUTION OF ASSETS UNDER MANAGEMENT (%)

As at March 31, 2022

For the year 2022, values do not sum to 100 due to global allocation including countries not listed in the MSCI Developed and Emerging Markets indices.

1Europe includes the United Kingdom.

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Managing Risk

Risk management is integral to our fiduciary role. It’s the process in which we identify, evaluate, control, monitor and communicate risks and opportunities.

Proxy Voting Record

As an active asset owner, BCI considers informed voting an essential component of our commitment to engagement. Our searchable database provides an account of our voting.

Pooled Funds

Our product line is diversified by asset class, region, and style. Similar to a mutual fund, the pooled fund combines client contributions and is then invested in securities and other assets.