Japan’s GPIF posts $47 billion return in Q3 on solid overseas stocks -Breaking
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© Reuters. FILE PHOTO : After a Tokyo press conference on April 1, 2016, the sign of Japan’s Government Pension Investment Fund, (GPIF), is visible. REUTERS/Thomas PeterTOKYO, Reuters – Japan’s Government Pension Investment Fund reported on Friday that it had posted a $37.29 billion third quarter investment return on overseas stock gains.
The world’s biggest pension fund, GPIF, had assets of 199.3 trillion yen as of December 31, and its return on total assets was 2.81% in the same period.
Japan saw an increase of 2% in its third quarter while the U.S. rose by 7%.
Fund’s foreign stock portfolio saw a 10.54% return, while its Japanese stock portfolio suffered a loss.
Because of its size, global investors are keeping an eye on GPIF’s investments.
At the close of September, it had 24.95% in Japanese bonds, 22.46% in foreign bonds; 24.92% was in domestic equities, 24.92% were in foreign bonds; and 25.88% was in foreign equities.
Because domestic interest rates have been extremely low, the pension funds has begun shifting their portfolio from domestically unprofitable bonds towards higher-yielding assets.
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