Investment Performance

LAPP’s financial position continues to improve and our progress is detailed each year in our audited financial statements, which are published as part of our Annual Report each July. The most recent statements available, as signed by the Auditor General of Alberta, are for the year ending December 31, 2016. You can read detailed information about last year’s investment performance in the 2016 Annual Report.

The Board tracks investment performance throughout the year and receives quarterly investment reports that, once approved by the Board, are published on this website in Funding & Investment Publications under the heading Quarterly Investment Results.

LAPP’s return on investments in 2016 totaled 5.8%. 

During the first quarter of 2016, LAPP lost 0.9% on its investments, as a strengthening Canadian dollar contributed materially to negative returns on foreign assets in the public equity portfolio. 

The LAPP fund fared better in the second and third quarters, and the fund’s investments gained 2.7% and 3.6%, respectively.  

In the fourth quarter, the fund returned a tepid 0.4%, as investor concern about rising interest rates negatively affected the fixed income investments in LAPP’s portfolio.

LAPP’s 2016 return of 5.8% was modest in comparison to the higher returns experienced by the fund in the last few years.  Nevertheless, LAPP’s funding position has continued to improve throughout 2016 and 2017.

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