Japan pension fund holds firm even after 7.9t yen loss
Push into equities sees govt pension fund post its worst quarterly result since at least 2008
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Tokyo
JAPAN'S giant pension manager is unrepentant after a push into equities saw the fund post its worst quarterly result since at least 2008.
There's no reason to doubt the 135.1 trillion yen (S$1.55 trillion) Government Pension Investment Fund's (GPIF) investment strategy, officials said on Monday in Tokyo as they unveiled a 7.9 trillion yen loss for the three months through September. The slump was GPIF's first negative return after revamping allocations last October, when it doubled holdings of Japanese and foreign shares.
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