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GPIF likely to raise Japan stock weighting to about 25%: sources

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Japan's US$1.2 trillion public pension fund, the world's largest, will likely raise its allocation for domestic stocks to about 25 per cent, people familiar with the process said on Saturday - PHOTO: REUTERS

[Tokyo] Japan's US$1.2 trillion public pension fund, the world's largest, will likely raise its allocation for domestic stocks to about 25 per cent, people familiar with the process said on Saturday.

A weighting in the middle of the 20-30 per cent range is the main proposal for the coming reallocation and is under final discussion within GPIF, the people told Reuters on condition of anonymity. The shift was first reported by the Nikkei newspaper on Saturday.

The fund's model portfolio weighting for Japanese equities is now 12 per cent, with the actual allocation allowed to fluctuation within 6 percentage points higher or lower.

The GPIF press office could not immediately be reached for comment.

In August people with knowledge of the allocation review said the fund planned to boost the weighting of domestic stocks to more than 20 per cent. Reuters

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