News Formal

Japan's GPIF posts $28 billion Q1 investment loss on market turbulence

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 66%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

TOKYO :Japan's Government Pension Investment Fund (GPIF) reported on Friday an investment loss of 3.75 trillion yen ($28.13 billion) for April-June, the second consecutive quarter of negative returns, as economic slowdown fears hit global stock markets.The world's largest pension fund lost 1.91 per cent for t

TOKYO :Japan's Government Pension Investment Fund reported on Friday an investment loss of 3.75 trillion yen for April-June, the second consecutive quarter of negative returns, as economic slowdown fears hit global stock markets.

The loss widened from 1.1 per cent in the previous quarter, which represented the fund's first quarterly loss in two years. The GPIF's foreign stock portfolio posted a loss of 5.36 per cent, while its Japanese stock portfolio had a loss of 3.68 per cent.

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:

 /  🏆 6. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria 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 $28 billion investment loss in Q1 on market turbulenceTOKYO : Japan's Government Pension Investment Fund (GPIF) reported on Friday an investment loss of 3.75 trillion yen ($28.13 billion) in April-June, the second consecutive quarter of negative return. The world's largest pension fund lost 1.91 per cent during the three months, trimming its overall assets t
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »