Japan’s GPIF Posts Largest Loss Since 4Q2008
Japan’s Government Pension Investment Fund (GPIF) had a rate of return of -3.32% from July to September, posting a 3.7326 trillion yen investment loss. The worst performing asset class was international stocks which carried a -21.36% rate of return; follow by domestic stocks at -9.75%. The huge loss stems from mostly a major decline in overseas and domestic equity share prices.
Japan’s largest public pension has total assets remaining at 108.854 trillion yen. Just as sovereign wealth funds and other long-term governmental investors increase their allocations to equities, the scale of loss is expected to make Japanese institutional investors more cautious about taking risks.
|Investment Period||Rate of Return|
Source: Government Pension Investment Fund, Japan
Total investments = (market investments + FILP bonds)
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