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Yahoo
23-06-2025
- Business
- Yahoo
Fondaction's share price set at $16.70
Highlights of the fiscal year ended May 31, 2025 Share value of $16.70, down $0.03 from the value established following the 6-month period ended November 30, 2024 and up $0.55 from the fiscal year ended May 31, 2024 Annual shareholder return of 3.4%, while shareholder return for the last 6-month period was -0.2% Annual compound shareholder returns: 3.4% over 1 year; 3.6% over 3 years; 5.8% over 5 years and 5.0% over 10 years, excluding tax credits Comprehensive income of $133.4M for the 6-month period Net assets reached $4.04B on May 31, 2025, up $268M or 7.1% from $3.77B as at May 31, 2024 222,451 shareholders, an increase of 1.8% compared with May 31, 2024 The carbon footprint of listed investments on the financial markets ("Other investments" category) is estimated at 20.1 tonnes CO2eq/$M invested, which is 52% less than the benchmark index as at April 30, 2025 MONTRÉAL, June 23, 2025 /CNW/ - Fondaction announces that as of today, its share value is set at $16.70. This represents an increase of $0.55 from the share value as at May 31, 2024. For the 6–month period ended May 31, 2025, shareholder return was -0.2% and shareholder return over the last 12 months was 3.4%. Share value following the 6-month period ended November 30, 2024 was $16.73. "For the first time, Fondaction's net assets have surpassed the $4 billion mark. Our community of shareholders continues to grow. Nearly a quarter of a million people have chosen to entrust us with some of their savings to help prepare for their retirement and contribute to shaping the world in which they will enjoy it. Our conviction remains unchanged, even in a more challenging economic landscape: companies that generate positive environmental and social spinoffs are most likely to deliver better financial returns in the long term. It's these companies that we aim to support through our investments," says Geneviève Morin, President and Chief Executive Officer of Fondaction. Fondaction's annual compound shareholder returns are 3.4% over 1 year, 3.6% over 3 years, 5.8% over 5 years and 5.0% over 10 years, calculated based on the variation of the share value between its value at the start of each indicated period and the value of $16.70 as at May 31, 2025. These returns do not take into account tax credits that could be granted to taxpayers when subscribing to Fondaction shares, subject to their eligibility. For the fiscal year ended May 31, 2025, the gross returns are 4.5% for development capital investments and 7.9% for other investments. The total operating expense ratio was 2.32% for the fiscal year ended May 31, 2025, compared to 2.19% for the fiscal year ended May 31, 2024. Net assets increased by 7.1% during the fiscal year to $4.04B as at May 31, 2025. On May 31, 2025, Fondaction had 225,451 shareholders, 1.8% more than on May 31, 2024. Share issuance totalled $389.2M, compared with $389.6M for the fiscal year ended May 31, 2024. Redemptions and purchases by agreement of shares totalled $254.5M, compared with $202.5M for the 2024 fiscal year. As a long-term investor, Fondaction has chosen to integrate sustainability as a key consideration in its investments. This approach explains why the carbon footprint of the "Other investments" portfolio (listed investments on the financial markets) is estimated at 20.1 tonnes CO2eq/$M invested, compared to 41.4 tonnes CO2eq/$M invested for the index selected by Fondaction, which is 52% lower than that of the securities of a benchmark portfolio as at April 30, 2025. These values are based on data available on April 30, 2025, and were calculated using the PCAF methodology, in tonnes of GHG emissions CO2 equivalent per million dollars of enterprise value. The benchmark portfolio is composed of 40% MSCI ACWI, 40% FTSE Canada Universe Bond and 20% TSX Composite. Each shareholder rate of return indicated represents the historical annual compound total rate of return including changes in share value and reinvestment of all dividends, as applicable, and does not take into account income taxes payable by any shareholder that would have reduced the return. The rate of return serves only to illustrate the effects of the historic growth rate and is not intended to reflect any future share values or the return on an investment in the shares. There are ongoing costs associated with owning shares in an investment fund. Fondaction shares are not guaranteed. They are an investment whose value and performance will fluctuate, and past performance should not be taken as an indication of future performance. Before investing, please read the prospectus at About Fondaction A forerunner for almost 30 years, Fondaction is the investment fund for individuals and companies that are mobilizing for the positive transformation of Québec's economy, making it fairer, more inclusive, greener and more performant. As a labour-sponsored fund created at the initiative of the CSN, Fondaction represents tens of thousands of savers and hundreds of companies committed to helping Québec progress. It manages more than $4B in net assets, as at May 31, 2025, invested largely in hundreds of businesses and on the financial markets, prioritizing investments that generate positive economic, social and environmental spinoffs in addition to a financial return. Fondaction helps maintain and create jobs, reduce inequalities and combat climate change. For more information, visit or our LinkedIn page. SOURCE Fondaction View original content: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Zawya
17-06-2025
- Business
- Zawya
Egypt: Reserve money rises to $42.9bln end-May, CBE
Arab Finance: Reserve money (MO) in Egypt increased to EGP 2.166 trillion by the end of May 2025, up from EGP 2.045 trillion at the end of April 2025, according to data from the Central Bank of Egypt (CBE). It is worth noting that at the end of May 2024, MO stood at EGP 1.827 trillion. Data also showed that net foreign assets stood at EGP 492.332 billion end-May, down from EGP 605.259 billion in April. However, they were higher than the recorded foreign assets of EGP 458.630 billion in May 2024. Meanwhile, net domestic assets amounted to EGP 1.673 trillion at the end of May, rising from EGP 1.440 trillion end-April. In May 2025, net domestic assets reached EGP 1.368 trillion. The CBE revealed before that Egypt's net international reserves (NIR) reached $48.526 billion at the end of May 2025. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Bloomberg
27-05-2025
- Business
- Bloomberg
Japan Cedes Top Creditor Title to Germany After 34-Year Run
Japan lost its position as the world's largest creditor nation for the first time in 34 years, despite posting a record amount of overseas assets. Japan's net external assets reached ¥533.05 trillion ($3.7 trillion) at the end of 2024, rising about 13% from the previous year, according to data released by the Ministry of Finance. While the figure marked an all-time high, it was overtaken by Germany, whose net external assets totaled ¥569.7 trillion. China stayed in third place with net assets of ¥516.3 trillion. Japan began its streak at the top by overtaking Germany in 1991. Last year, the euro-yen rate rose about 5%, exaggerating the increase in German assets versus Japanese in yen terms. HSBC has culled more than two dozen analysts in recent days as the bank deepens a restructuring of its investment banking businesses, according to people familiar with the matter. Those affected by the move include Steven Major, the Dubai-based global head of fixed income research, the people said, asking not to be identified discussing confidential information. Most of the cuts were in Europe, according to the people.
Japan Times
27-05-2025
- Business
- Japan Times
Japan loses top creditor status for first time in 34 years
Japan has lost its position as the world's largest creditor nation for the first time in 34 years, despite posting a record amount of overseas assets. The country's net external assets totaled ¥533.05 trillion ($3.7 trillion) at the end of 2024, rising about 13% from the previous year, according to data released Tuesday by the Finance Ministry. While the figure marked an all-time high, Japan was overtaken by Germany, whose net external assets totaled ¥569.7 trillion. China remained in third place, with net assets of ¥516.3 trillion. Germany's ascent reflects its substantial current account surplus, which reached €248.7 billion ($283 billion) in 2024 thanks largely to a strong trade performance. Japan's surplus in turn was ¥29.4 trillion according to the finance ministry, equivalent to around €180 billion. Last year, the euro-yen rate rose around 5%, exaggerating the increase in German assets versus Japanese in yen terms. A country's net foreign assets are the value of its overseas assets minus the value of its domestic assets that are owned by foreigners, adjusted for changes in currency values, and the figure is essentially reflected in the cumulative change of the country's current account. Finance Minister Katsunobu Kato signaled Tuesday that he was unperturbed by the development. "Given that Japan's net external assets have also been steadily increasing, the ranking alone should not be taken as a sign that Japan's position has changed significantly,' Kato told reporters. For Japan, a weaker yen contributed to increases in both foreign assets and liabilities, but assets grew at a faster pace, driven in part by expanded business investment abroad. Tuesday's data generally reflect broader trends in foreign direct investment. In 2024, Japanese companies maintained a robust appetite for foreign direct investment, particularly in the U.S. and U.K., according to the ministry. Sectors such as finance, insurance and retail attracted significant capital from Japanese investors, the ministry said. Japan's increasing allocations of funds to direct investment rather than foreign securities means it's more difficult to repatriate funds quickly, according to Daisuke Karakama, chief market economist at Mizuho Bank. "It's easy to imagine domestic investors selling foreign bonds and securities when risks emerge, but they're not going to divest from overseas companies they've acquired so easily,' Karakama said. Looking ahead, the trajectory of outbound investment may hinge on whether Japanese firms continue to expand their overseas spending, especially in the U.S. With U.S. President Donald Trump's tariff policies in effect, some companies may be incentivized to relocate production or transfer assets to the U.S. to mitigate trade-related risks.
Bloomberg
27-05-2025
- Business
- Bloomberg
Japan Loses Top Creditor Status for First Time in 34 Years
Japan lost its position as the world's largest creditor nation for the first time in 34 years, despite posting a record amount of overseas assets. Japan's net external assets reached ¥533.05 trillion ($3.7 trillion) at the end of 2024, rising about 13% from the previous year, according to data released Tuesday by the Ministry of Finance. While the figure marked an all-time high, it was overtaken by Germany, whose net external assets totaled ¥569.7 trillion. China remained in third place with net assets of ¥516.3 trillion.
