Japan's pension fund sees record investment returns last fiscal year



07/08/2024 3:09 AM


The Government Pension Fund of Japan (GPIF) realized an investment return equivalent to 22.7% of its total assets, or 45.42 trillion yen ($281.2 billion) for the fiscal year that concluded on March 31.



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The fund had 245.98 trillion yen in assets under management at the end of the fiscal year.

The annualized investment income of the GPIF is unprecedented. The previous high was 37.8 trillion yen in FY2020.

In the previous fiscal year, the return on investment for international stocks was 40%, foreign bonds were 15.8%, and Japanese stocks yielded 41.4%. The GPIF experienced a 2% loss on its Japanese bond investments at the same period.

Japanese stocks made up 24.33% of GPIF's assets at the end of the previous fiscal year, followed by foreign stocks (24.86%), foreign bonds (23.86%), and Japanese bonds (24.95%).

Japan's state pension fund saw a 9.5% investment return from January to March.

GPIF reported a 1.5% investment return prior to the fiscal year that ended in March 2023.

source: asia.nikkei.com


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