GPIF, World’s Top Pension, Has Record Seventh Quarterly Gain
The world’s largest pension fund posted a record seventh straight quarter of gains in the three months ended December, as stocks outside Japan helped the fund boost returns.
Read also U.S. public pension funds may turn to more ‘aggressive’ investment, report says
Japan’s Government Pension Investment Fund gained 2.8% in the quarter, with assets climbing to a record 199.3 trillion yen ($1.73 trillion), the fund said in Tokyo.
Read also China rolling out perks to encourage couples to have 3rd child amid demographic crisis
The GPIF has achieved successive quarterly gains since it rebounded from a record 17.7 trillion yen loss triggered by the equity rout during the emergence of Covid two years ago. It’s the longest streak of positive returns on record, according to data from the fund dating back to fiscal 2008.
Read also Malaysia. We need a wholesome approach to retirement
Equities outside Japan returned 10.5%, while domestic stocks lost 1.6% amid market disappointment with Prime Minister Fumio Kishida as well as worries over the Federal Reserve’s potential tightening. Overseas debt added 2.5% and Japanese bonds lost 0.02%.
Read more @Bloomberg
577 views
