Fonds de solidarité FTQ on Friday reported a return of 2% for the first six months of the 2023-2024 fiscal year ended November 30, while the share value rose $1.11 to $55.84.
Quebecers' nest egg has performed over the past 12 months with returns of 4.7% for one year, 4.4% for three years, 6.1% for five years and 6.7% for 10 years, according to the Annual total shareholder results of The fund has 769,459 savers.
The solid performance in the first half of the year brings the FTQ Solidarity Fund's profit to $377 million, while around $343 million was invested to support Quebec's economy.
While the housing crisis has caused headaches for many people, the FTQ Real Estate Solidarity Fund has helped by investing in several affordable, social and community housing projects this semester.
“In this time of economic uncertainty, it is more important than ever to save, invest and believe in ourselves,” said Janie Béïque, President and CEO of the Fonds de solidarité FTQ.
“I am particularly proud of our efforts to support the next generation of entrepreneurs and our contribution to affordable housing,” said the President and CEO of the Fonds de solidarité FTQ.