
Foreign Equities Spur Japan GPIF’s Q3 Rebound
After a dismal second quarter, the pension giant posted a 4.3% return to raise its asset value to $1.69 trillion.
After a dismal second quarter, the pension giant posted a 4.3% return to raise its asset value to $1.69 trillion.
According to the $1.68 trillion Japanese pension giant, Microsoft “is undoubtedly a leader on climate reporting.”
The pension giant lost 3.6% during the second quarter due to foreign bonds and falling domestic stocks.
The $1.7 trillion pension giant has moved $20 billion to the MSCI Nihonkabu ESG Select Leaders Index.
GPIF’s domestic and foreign equity investments earned more than 40% each for the fiscal year that ended March 31.
The pension giant also released an annual survey evaluating the stewardship of its external asset managers.
After ending the practice in 2019, the pension giant is bringing it back with added countermeasures to avoid ‘empty voting.’
The Government Pension Investment Fund’s investments returned 2.62% during the quarter that ended in December 2023, raising its asset value to more than $1.5 trillion.
The Japanese government pension giant's ESG funds beat the TOPIX by 160 basis points over a 6-year period.
Despite losses, the 300 largest funds’ share of global pension assets rose to 43% in 2021.
The pension giant raked in $72 billion during the quarter thanks to its public equities portfolios.