November 27, 2022

The Queens County Citizen

Complete Canadian News World

The fund announced 11% return for the last 12 months

The fund announced 11% return for the last 12 months

The Fund Investment Fund has achieved 11.8% returns in the six months ended November 30, up 11% in the last 12 months.

This revenue does not take into account the 35% tax credits granted to taxpayers on the purchase of its shares, the foundation said.

The fund qualifies its performance as “outstanding”, pointing out that it brings its share value to .0 14.07. This was at the end of the first half which ended May 31.5 12.59.

“This exceptional financial performance is mainly due to the favorable financial conditions in the financial markets and the investment options of the fund focused on sustainable finance,” the CSN Fund said in its half-year results on Wednesday.

As of November 30, the Foundation’s net assets had grown by 15.2% to $ 2.61 billion, up from $ 2.26 billion by May 31, 2020.

In its final semester, the Fund welcomed 3,987 new contributors, bringing its shareholder number to 177,497.

The Foundation said it plans to “suspend acceptance of large sums of money until May 31, 2021, in order to honor the issue limit of its shares set by the Quebec government”.

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