On June 23, the British people voted to leave the European Union. The referendum that led to this decision was announced over a year ago. OMERS has been preparing for this possibility with comprehensive analysis and strategic decisions, including managing currency risk. While we do anticipate high volatility over the coming days and weeks, we are prepared and highly focused on managing through this situation.
As one of Canada's largest pension plans, OMERS is a significant investor in Canada and around the world, including the United Kingdom. Our private market assets in the U.K. were purchased with a long-term perspective that we believe will generate solid returns for our pensioners. Through a disciplined approach, we are carefully managing our investments in public markets, reducing volatility.
Our investment portfolio is highly diversified and reflects the careful, disciplined selection of high-quality assets. OMERS is well-positioned to weather the market volatility and continue to meet the pension promise we have made to members.