World's biggest pension fund, GPIF, adds 4.5 trillion yen as stocks rise
Tokyo
THE world's biggest pension fund posted its fifth-straight quarterly gain, the longest run in more than two years, as global stocks advanced to new highs and weakness in the yen helped boost the value of overseas investments.
Japan's Government Pension Investment Fund (GPIF) returned 3 per cent, or 4.5 trillion yen (S$54 billion), in the three months ended Sept 30, increasing assets to a record 156.8 trillion yen, it said in Tokyo on Thursday. Domestic equities added 1.8 trillion yen as the value of foreign equities increased by 2 trillion yen, particularly boosted by the euro's strength.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
China’s top airlines improve balance sheet in Q1; outlook positive for May Day
Stablecoin issuer Tether invests US$200 million in brain-computer interface company
Yahoo to lay off staff in Singapore as it shifts to content curation
US: Wall St opens higher on megacap strength, Fed verdict awaited
IReit Global occupancy rate grows to 91.5% in Q1
Yen surges against US dollar on suspected intervention