Performance Analytics & Custodial Services
The Plan's custodial and accounting services are provided by CIBC Mellon Global Security Services Company. Performance measurement services are provided by BNY Mellon Asset Servicing.
In 2009 the financial markets rebounded from the market crash of the previous year, and the subsequent global recession. Liquidity in the bond market and confidence in the equity markets allowed significant returns as of December 31, 2009.
The annualized returns percentage as of December 31st, 2009 are outlined for five years in the graph below.
In 2009 the Plan investments returned 14.1% compared to the policy return of 15.0%. While the performance returns rebounded to post positive results, the Plan underperformed the policy for the calendar year. Compared to other Canadian institutional investment plans, in 2009 the Nova Scotia Long Term Disability Plan ranked in the third quartile of the BNY Mellon Canadian Master Trust Universe.
In 2009, all asset classes posted positive performance returns with Canadian equity posting the strongest results. While this asset class recorded large returns for the Plan, it still underperformed relative to the S&P/TSX Capped Composite Index again for the fourth straight year.
International equity also posted positive performance returns for 2009, and underperformed relative to the MSCI World Index. The calendar year performance returns have been consistently close to the benchmark.
The bond returns far exceeded the DEX Bond Universe Index over the past year. This has remained a stable performing asset class for the Plan.