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Home > Publications > 2007 AR > MD&A > Investments > Investment Performance > Investment costs
	Introduction     Performance Highlights     Report from the Chair     Report from the CEO     MD&A     State of the Plan     Investments     Goals     Managing for Value   > Investment Performance     Member Services     Governance     Financial Statements (230KB PDF)     Investments over $100 Million     Eleven-year Review     Printable Annual Report     Commentary (1.08MB PDF)     Financial Statements (235KB PDF)     < page 32 of 44 >               Investment performance | Market overview | Consolidated returns | Equities | Inflation-sensitive investments | Fixed income and absolute return strategies | Investment costs           Investment costs Total investment management costs were $229 million, compared to $220 million in 2006. This is equivalent to 22 cents per $100 of average net assets, unchanged from 2006. These costs exclude the commissions paid when trading securities, and management and performance fees for private equity and certain other externally-managed funds. However, all such costs are deducted in determining net investment returns.                       TOP < page 32 of 44 >
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