🎈 Up Big Today: Find today's biggest gainers (some over 50%!) with our free screenerTry Stock Screener

Japan's GPIF posts $47 billion return in Q3 on solid overseas stocks

Published 02/04/2022, 01:58 AM
Updated 02/04/2022, 02:10 AM
© 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 Dow Jones industrial average rose 7%, while Japan's Nikkei stock average 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.

© 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

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)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.