Latest news with #GovernmentPensionInvestmentFund
Reuters
23-04-2025
- Business
- Reuters
Japan state pension fund switches to foreign benchmark index excluding onshore China shares
LONDON, April 16 (Reuters) - Japan's Government Pension Investment Fund has switched the benchmark it uses for foreign equities for its $1.7 trillion of investments, to one that does not include onshore Chinese shares it said in a recent update. Some global investors have become nervous about owning domestic Chinese shares, known as A-shares, given global trade tensions and China's domestic economic challenges. The Reuters Tariff Watch newsletter is your daily guide to the latest global trade and tariff news. Sign up here. The exclusion of China A-shares is due to the concerns that the pension's investment may be hindered by potential issues including international settlement, market liquidity, restrictions on foreign investors, frequent policy changes and securities transactions suspension, GPIF said in a statement on March 31. GPIF previously used MSCI's All Country World Index (ex Japan) as a benchmark for its investments in foreign equities, but it will use that benchmark also excluding China A shares for the five years from 2025, it said.
Japan Times
25-03-2025
- Business
- Japan Times
Japan names former MUFG economist to lead huge pension fund
Japan named Kazuto Uchida, a former Mitsubishi UFJ Financial Group economist, as the head of the Government Pension Investment Fund. Bond market veteran Uchida will take over from current President Masataka Miyazono on April 1 for a five-year term to manage one of the world's largest pension funds with total assets of ¥260 trillion ($1.72 trillion), the health ministry said on Tuesday. Uchida is a graduate of Keio University. The appointment comes as investors speculate whether the giant fund may change its current portfolio, which allocates a quarter of funds evenly to four categories of assets — domestic stocks, foreign stocks, domestic bonds and foreign bonds. GPIF will maintain the portfolio composition for five more years from fiscal 2025, which starts in April, the Nikkei reported earlier this month. In its previous review in 2020, the fund increased the allocation to foreign bonds and cut domestic bonds amid the Bank of Japan's aggressive monetary easing. The GPIF was set up in 2006 to manage assets for the Japanese public pension system. It's been led by former officials from the country's main agricultural lender Norinchukin Bank for the past two terms.
Reuters
07-02-2025
- Business
- Reuters
Japan's GPIF posts $70.6 billion investment gain in Q3
TOKYO, Feb 7 (Reuters) - Japan's Government Pension Investment Fund (GPIF) posted on Friday an investment gain of 10.7 trillion yen ($70.6 billion) in the October-December quarter, marking a recovery from a loss of 9.13 trillion yen in the preceding quarter. The GPIF is one of the world's largest pension funds and had total assets of 258.7 trillion yen at the end of December. Get a look at the day ahead in U.S. and global markets with the Morning Bid U.S. newsletter. Sign up here.
