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Japan's GPIF posts $68 billion investment gain in Q1

Japan's GPIF posts $68 billion investment gain in Q1

CNA6 days ago
TOKYO :Japan's Government Pension Investment Fund (GPIF) said on Friday that it booked an investment gain of 10.2 trillion yen ($67.74 billion) for the April-June period.
It posted strong gains in its domestic and foreign stock portfolios.
The result compares with a gain of 8.97 trillion yen over the same period a year prior.
The fund booked a smaller gain on foreign bonds and a slim loss on domestic bonds.
In the year ended March it posted an annual investment gain of $11.8 billion, its fifth consecutive year of investment gains.
The fund is one of the world's largest institutional investors, with total assets of 260 trillion yen at the end of June. It is closely watched by financial markets due to its mammoth size.
($1 = 150.5800 yen)
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