TOKYO :Japan's Government Pension Investment Fund said on Friday it posted a third-quarter investment return of 5.437 trillion yen on gains from overseas stocks.
GPIF, the world's largest pension fund, managed 199.3 trillion yen of assets as of the end of December and its return on overall assets was 2.81per cent over the three month period, it said in a statement. For the third quarter, the Dow Jones industrial average rose 7per cent, while Japan's Nikkei stock average dipped 2per cent.
The fund's foreign stock portfolio achieved a return of 10.54per cent, while the Japanese stock portfolio had a loss of 1.62per cent.By the end of September, the fund had 24.95per cent of its portfolio in Japanese bonds, 24.46per cent in foreign bonds, 24.92per cent in domestic equities and 25.68per cent in foreign equities.
The pension fund has been shifting its portfolio away from unprofitable domestic bonds toward higher-yielding foreign assets, as domestic interest rates are ultra-low.
how much of that is due to devaluation of JPY during that period?
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Japan's GPIF posts $47 billion return in Q3 on gains in overseas stocksTOKYO : Japan's Government Pension Investment Fund (GPIF) said on Friday it posted a third-quarter investment return of 5.437 trillion yen ($47.29 billion) on gains from overseas stocks.GPIF, the world's largest pension fund, managed 199.3 trillion yen of assets as of the end of December and its return on
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Japan will consider ways to help LNG market if supplies disruptedTOKYO :Japan, a key importer of liquefied natural gas (LNG), will consider ways it can help the international community in the event of the Ukraine crisis disrupting supplies, Industry Minister Koichi Hagiuda said on Friday.He declined to confirm media reports that the United States had asked Japan if it coul
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Japan may consider ways to contribute to international LNG marketTOKYO: Japan\u0027s government will consider ways to contribute to the international community since it is a key importer of liquefied natural gas (LNG), in the event of a conflict between Russia and the West over Ukraine, Industry Minister Koichi Hagiuda said on Friday (Feb 4). He declined to confirm local rep
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Japan has no plans to review sales tax rates, finance minister saysTOKYO : Japanese is not considering reviewing future national sales tax rates as the current 10per cent levy provides a vital source of funding the social security spending to support its ageing population, the finance minister said on Friday.Shunichi Suzuki told reporters after a cabinet meeting that Jap
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »