Japan’s GPIF Returns Over 9% In Q2
Posted on 08/08/2023
Japan’s JP¥ 127 trillion Government Pension Investment Fund has released a report that was light on commentary, but the numbers spoke volumes. The report indicated that GPIF saw returns of 9.49% in Q1 2023. Japan splits its investments into four nearly equal portions. Foreign equities returned 15.43% and domestic equities returned 14.37%. Foreign bonds brough in 8.08% and domestic bonds captured 0.36%. GPIF has been busily hiring equity managers focused on North America for its JP¥ 2 trillion North American portfolio. GPIF is a believer in actively managed funds.