The University of British Columbia
UBC - A Place of Mind
The University of British Columbia
UBC Faculty Pension Plan
  • Home
  • Overview
  • Investments
    • Investment Education
    • Investment Options
    • Investment Fund Updates
    • Investment Performance
    • Managing Your Investments
    • Market Commentary
  • Life Events
    • Changing Your Address or Personal Information
    • Leaving UBC
      • Transfer to Other Registered Plans (RRSP/RRIF/LIRA/RPP)
    • Retiring
      • LIF Minimum & Maximum Annual Withdrawal Limits
      • Living Outside Canada
      • Receive UBC FPP LIF-Type Payments
    • Marriage, Common Law, Separation, & Divorce
    • Changing Jobs at UBC
    • Leaves of Absence
    • Living Outside Canada
    • Designating Your Beneficiary
    • Power of Attorney & Third Party Authorization
    • In the Event of Your Death
  • Plan Governance
    • Governance Policies & Documents
    • Board of Trustees
    • Service Providers
    • Annual Reports & Financial Statements
  • Forms & Resources
    • UBC Faculty Pension Plan FAQs
    • Plan Guides & Information Sheets
    • Financial Calculators
    • Forms
    • Presentations
    • Videos & Webcasts
    • Helpful Links
  • News & Events
    • Plan Newsletters
    • Upcoming Pension Seminars
    • Market Commentary
  • Contact Us
    • Contact Member Services
    • Where to Find Us
    • UBC Pensions Executive & Administration
  • my Sun Life Login
Home > 2020 > November > Real Estate Manager changes affecting the Balanced Fund

Real Estate Manager changes affecting the Balanced Fund

November 4, 2020

The UBC Faculty Pension Plan (FPP) Board of Trustees recently approved a change in the asset mix allocation of the FPP Balanced Fund option. This change is a result of our Asset Mix Study in 2019 when it was determined that increasing allocation to real estate and adding new non-domestic real estate mandates would lead to an improvement in the expected risk/return metrics of the fund. The Board conducted an in-depth review of the FPP Balanced Fund’s real estate allocation.  As a result of this review, and guided by a desire to manage risk within the Fund, one of the current domestic real estate managers – BCI will be replaced with a global real estate manager and a new U.S. real estate manager will be added.

Two manager searches have been completed and the managers have been chosen.  The United States Real Estate manager is CBRE Global Investors (CBRE). The Global Real Estate manager will be named once the documentation has been completed.

The following table shows the current versus the new fund allocations for the FPP Balanced Fund. The new 5% allocation to real estate will be added by reducing the fund’s Canadian equity exposure.

 

 

 

 

 

 

 

As soon as the transitions to the new managers have been completed, the investment management fees are expected to increase by approximately 6 basis points for the UBC FPP Balanced Fund. For current fee information, sign in to your member account at mysunlife.ca/ubcfpp and select Accounts > Account fees.

  • Previous
  • Next

News & Events

May 20, 2022

Market Commentary – First Quarter 2022

May 10, 2022

2022 Pension Forum Presentation – Recording and Q&A

April 26, 2022

2021 Annual Report

March 31, 2022

Pension Forum May 3, 2022 – Registration open

February 28, 2022

Pension Office Open to Visitors

View All News & Events

Plan Newsletters

The UBC FPP Update newsletter is available by email and is published a few times a year.

Learn More

UBC Pension Administration Office
201 - 2389 Health Sciences Mall
Vancouver, BC Canada V6T 1Z3
Tel 604 822 8100
Fax 604 822 9471
Website faculty.pensions.ubc.ca
Back to top
The University of British Columbia
  • Emergency Procedures |
  • Terms of Use |
  • Copyright |
  • Accessibility