Japan’s GPIF posts $47 billion return in Q3 on solid overseas stocks
[ad_1]
![Japan's GPIF posts $47 billion return in Q3 on solid overseas stocks](https://i-invdn-com.investing.com/trkd-images/LYNXMPEI1306H_L.jpg)
© Reuters. FILE PHOTO: The sign of Japan’s Government Pension Investment Fund (GPIF) is seen after a news conference in Tokyo, Japan, April 1, 2016. REUTERS/Thomas Peter
TOKYO (Reuters) -Japan’s Government Pension Investment Fund (GPIF) said on Friday it posted a third-quarter investment return of 5.437 trillion yen ($47.29 billion) on gains from overseas stocks.
GPIF, the world’s largest pension fund, managed 199.3 trillion yen of assets as of the end of December and its return on overall assets was 2.81% over the three month period, it said in a statement.
For the third quarter, the rose 7%, while Japan’s dipped 2%.
The fund’s foreign stock portfolio achieved a return of 10.54%, while the Japanese stock portfolio had a loss of 1.62%.
GPIF’s investments are closely watched by global investors because of its sheer size.
By the end of September, the fund had 24.95% of its portfolio in Japanese bonds, 24.46% in foreign bonds, 24.92% in domestic equities and 25.68% in foreign equities.
The pension fund has been shifting its portfolio away from unprofitable domestic bonds toward higher-yielding foreign assets, as domestic interest rates are ultra-low.
($1 = 114.9600 yen)
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
[ad_2]
Read More: Japan’s GPIF posts $47 billion return in Q3 on solid overseas stocks