CPP Investments looks global but no immediate plans to invest in Ukraine rebuild: CEO

Canada's largest pension fund manager says it will continue to look for investment opportunities around the world but has no current plans to help with Ukraine's eventual reconstruction once the war with Russia ends.

"We never close the door to an investment opportunity, but it would come back to us looking at it as an investment opportunity," CPP Investments CEO John Graham said in an interview Thursday.

Before taking such a step, it would first spend some time learning about the country because it's not familiar with its "investable universe."

He said the institution's only mandate is to maximize returns without an undue risk of loss. About 16 per cent of its investments are in Canada even though the country accounts for three per cent of the global economy.