	quebec caisse s three billion dlrs in caisse de depot et placement du quebec the government agency which manages the province s pension funds said its investment portfolio ed a net profit of almost three billion canadian dlrs in an increase of mln dlrs over the agency said in its annual statement that it had assets with a total book value of billion dlrs or a market value of billion dlrs at the end of these holdings had a rate of return of pct in the year which was below the caisse s average return of pct in the past four years and pct in the past eight years the caisse said foreign equity investments represented pct of total assets while u s government securities accounted for another pct of the overall portfolio the agency s holding of u s government securities yielded a return of pct for the year significantly more than either the pct ed on the total bond portfolio or the pct for all funds under management these high liquidity securities which are held on a temporary basis and for purposes of strategy and the protection of the overall bond portfolio have been efficient the agency said of the u s securities the agency said it has billion dlrs invested in canadian private sector businesses after channeling mln dlrs of new funds into this area in the caisse said it acquired mln of new government of quebec bonds and mln dlrs of new securities from other quebec government issuers during the year reuter 
