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

📆 07/01/44 01:08 م
📰 ChannelNewsAsia

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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.

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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
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