Views Article – Sharenet Wealth

Asia, News

Japan’s GPIF earns $118 bln in Q1 returns as stock markets rally

* April-June overall return was 8.3%

* Japanese stock portfolio achieved 10.95% return

* Foreign stock portfolio earned 19.99% (Adds details of results)

TOKYO, Aug 7 (Reuters) – Japan’s Government Pension Investment Fund (GPIF) said on Friday it earned a first-quarter investment return of 12.49 trillion yen ($118.4 billion) as global stock markets rallied, following its record quarterly investment loss in the previous quarter.

GPIF, the world’s largest pension fund, managed 162.1 trillion yen of assets as of end-June and its return on overall assets was 8.3% over the three month period, it said in a statement.

Japan’s Nikkei stock average rose 23.4% during the quarter. The Dow Jones Industrial Average was up 23.3%.

Its Japanese stock portfolio achieved a 10.95% return and the foreign stock portfolio earned 19.99%.

GPIF changed its portfolio in April, evenly splitting its allocation at 25% each for domestic and foreign stocks and domestic and foreign bonds.

As of end-June, the fund had 26.33% of its portfolio in Japanese bonds, 21.81% in foreign bonds, 24.37% in domestic equities and 27.49% in foreign equities.

In the three months through March, GPIF reported a record quarterly loss of 17.71 trillion yen after global stock markets plunged during the COVID-19 pandemic. ($1 = 105.4900 yen) (Reporting by Takashi Umekawa; Editing by Muralikumar Anantharaman)


© 2019 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.