Japan’s GPIF posts $47 billion return in Q3 on stable abroad shares By Reuters

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© Reuters. FILE PHOTO: The signal of Japan’s Authorities Pension Funding Fund (GPIF) is seen after a information convention in Tokyo, Japan, April 1, 2016. REUTERS/Thomas Peter

TOKYO (Reuters) -Japan’s Authorities Pension Funding Fund (GPIF) stated on Friday it posted a third-quarter funding return of 5.437 trillion yen ($47.29 billion) on good points from abroad shares.

GPIF, the world’s largest pension fund, managed 199.3 trillion yen of property as of the tip of December and its return on general property was 2.81% over the three month interval, it stated in a press release.

For the third quarter, the rose 7%, whereas Japan’s dipped 2%.

The fund’s overseas inventory portfolio achieved a return of 10.54%, whereas the Japanese inventory portfolio had a lack of 1.62%.

GPIF’s investments are carefully watched by international traders due to its sheer measurement.

By the tip of September, the fund had 24.95% of its portfolio in Japanese bonds, 24.46% in overseas bonds, 24.92% in home equities and 25.68% in overseas equities.

The pension fund has been shifting its portfolio away from unprofitable home bonds towards higher-yielding overseas property, as home rates of interest are ultra-low.

($1 = 114.9600 yen)

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