About CN Investment Division (CNID)

Established in 1968, CNID, based in Montreal, manages one of the largest single-employer defined benefit pension funds in Canada, Canadian National Railway (CNR.TO), and holds a long track record of solid performance. CNID's culture is nimble, innovative, collaborative and risk-aware. Pensioners are always at the heart of what we do. The C$17 billion is actively managed in-house by about 95 employees, including some 35 investment professionals. Global equity investments make up approximately 40% of the Fund. Managed by talented managers and analysts combined into one team, these global equity investments are organized by specific sector groupings: consumer, cyclicals, financials, and technology. CNID is a long-term shareholder. We believe that buying and holding quality, growing businesses run by focused management will produce consistent, above-average returns. Emphasis is on companies with strong fundamentals, sustainable competitive advantages and good financial positions that will allow them to be successful for many years to come. Our average holding period is three to five years, but there are several companies in which we have had investments for over 15 years.