Canadian pension giant plans to invest over 8 billion in UK.

According to reports, the Quebec Savings and Investment Group, Canada's second largest pension fund, has announced plans to invest over 8 billion in the UK over the next five years. This will serve as a boost to UK Chancellor of the Exchequer Rishi Sunak's infrastructure investment plan. The CEO of the fund, Charles Emond, revealed in an interview that the plan is to increase the fund's asset allocation in the UK by 50%. Currently, CDPQ manages $473 billion in assets on behalf of 6 million contributors, with existing investments in the UK including equity in Welsh Water and the Thames Estuary London Array offshore wind farm, totaling approximately 17 billion.