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Fonds de Solidarité FTQ: positive return for the first half of 2022-2023

Fonds de Solidarité FTQ posted a positive return of 1.4% for the first six months of the 2022-2023 semester, which ended November 30.

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This brought the share value up 72 cents to $53.33 for the period from June 30 to November 30, 2022.

However, the score has been different over the past 12 months with a loss of $2.44 per procedure since last December 31st. The 12-month yield was down 4.4%.

Investments of $688 million were made to support Quebec’s economy, a record for the first half.

“Our first-half financial results reflect a highly uncertain economic situation as our portfolio management strategy generated $245 million in profits,” said Janie C. Picquet, President and CEO, in a press release on Friday. From Fonds de Solidarité FTQ.

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