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Omers posts 4.8% first-half 2026 return, boosted by US dollar
The Ontario pension said net assets rose to C$151.6 billion as of June 30, with stocks up 12.2% and private credit up 7.8%.
Ontario Municipal Employees Retirement System, or Omers, returned 4.8% in the first half of 2026, adding C$6.9 billion, according to LiveMint Markets. The pension attributed gains in part to a stronger US dollar and a rising stock market, while saying the global backdrop is becoming more complex.
Omers reported that net assets climbed to C$151.6 billion as of June 30. It said every asset class delivered positive returns, with stocks advancing 12.2% and private credit gaining 7.8%, while currency appreciation, especially versus the US dollar, added a net 1.4% to returns.
The pension also cited headwinds for private equity, which it said eked out a 1.1% gain. CEO Blake Hutcheson said the environment features relatively high inflation and interest rates alongside slower global growth, making it harder for operating companies to drive a large jump in value.
Omers said it is looking for opportunities in public equities, credit, and real estate, and invested C$1 billion into Canadian equities in the first half. It plans to add at least C$10 billion of investments in Canada over the next five years, the outlet reported, noting that Canada represents 25% of its portfolio and US holdings account for 52%.