In 2024, the financial markets performed extremely well, especially equities. Stock market indices reached record levels, supported by interest rate cuts from several major central banks.
Overall, global economic activity in 2024 took place in a volatile environment due to several factors such as trade and geopolitical tensions, as well as changes in the monetary policies of the major central banks.
Among the various asset classes in the participating account, global public equities and preferred shares stood out in 2024. Our alternative, equity and private debt asset classes also performed well. The portfolio’s total return, marked to market, was 8.21% for the year 2024. Asset diversification, coupled with our strategic allocation between fixed and variable income securities, ensures the long-term resilience and stability of the investment portfolio.
For its part, the dividend scale interest rate has been raised to 6.35% for 2025.
Growth in assets under management in the participating account is in line with our forecasts. The capitalization of account assets should more than double in 2025, thanks to the success of our iA PAR product since its launch. Our teams will continue to work actively on optimizing asset allocation to take advantage of market opportunities and adapt to the impact of the new U.S. administration’s economic policies.
The PAR account overview has been updated, with data as at December 31, 2024.
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