Global pension investing flows into emerging market equities topped $12.4B in May, as MSCI Emerging Markets Index gained 3.5%. Analysts cite favorable currency trends and robust GDP growth in Asia as catalysts for sustained equity demand. When pension fund investments are healthy, most people don’t pay attention to how they’re run. But when pension funds face financial crises, it impacts all of us. The state, cities, and school districts have to contribute more to keep the fund afloat and the retirement checks on time, competing with budgets for schools, parks, and climate resilience. About CPP Investments Canada Pension Plan Investment Board (CPP Investments™) is a professional investment management organization that manages the Canada Pension Plan Fund in the best interest of the more than 22 million contributors and beneficiaries. In order to build diversified portfolios of assets, we make investments around the world in public equities, private equities, real estate, infrastructure, fixed income and alternative strategies including in partnership with funds. Headquartered in Toronto, with offices in Hong Kong, London, Mumbai, New York City, San Francisco, São Paulo and Sydney, CPP Investments is governed and managed independently of the Canada Pension Plan and at arm's length from governments. At June 30, 2025, the Fund totalled C$731.7 billion. For more information, please visit www.cppinvestments.com or follow us on LinkedIn , Instagram or on X @CPPInvestments . Market forecasters suggest pension investing in energy infrastructure stocks could outperform in Q3