OMERS Reports 8.3% Investment Return in 2024, Boosted by U.S. Dollar Strength

The pension fund's net assets grew to $138.2 billion, with strong gains in public equities and private credit, despite challenges in real estate valuations.

• Ontario Municipal Employees’ Retirement System (OMERS) achieved an 8.3% return on investments in 2024, exceeding its 7.5% benchmark.
• Net assets increased to $138.2 billion by the end of 2024, up from $128.6 billion in 2023, with a 10-year average annual return of 7.1%.
• Public equities delivered the strongest performance at 18.8%, while private credit and infrastructure also contributed significantly to gains.
• Real estate assets saw a 4.9% loss due to lower valuations, though operating income from properties remained strong, with hopes for recovery as interest rates stabilize.
• OMERS leadership highlighted the potential economic risks posed by proposed U.S. tariffs, which could impact inflation and investment climate moving forward.

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