World’s Biggest Pension Fund Loses $51 Billion
The world’s biggest pension fund posted the worse annual performance since global financial crisis with losses extended by unfavourable currency and a foray into equity markets.
“Japan $1.3 trillion Government Pension Investment Fund lost 3.8% in the year ended 31st March or 5.3 trillion yen ($51 billion).”
Japan $1.3 trillion Government Pension Investment Fund lost 3.8% in the year ended 31st March or 5.3 trillion yen ($51 billion). This is the biggest drop since the fiscal year ended 31st March 2009. It lost 10.8% on domestic equities and a 9.6% on shares in other markets while Japanese bonds handed the fund a 4.1% gain.
About Government Pension Investment Fund
The pension fund for Japanese public sector employees. The GPIF pension fund is the largest in the world, with approximately $1.3 trillion (122 trillion yen) in assets under management as of 2009. The GPIF contributes to the stability of the Employee’s Pension Insurance and National Pension programs.
The Wealth Insider is the world’s leading wealth intelligence for global wealth managers, investments managers, asset managers, high net-worth service providers and wealthy individuals. Our global workforce seamlessly present the inside news of the most relevant news, insights, global wealth trends, innovation & digital transformation to our global audience.
Get The Wealth Insider Daily
- For Press Release, please contact email@example.com
- For Media-related enquiries, please contact firstname.lastname@example.org
- For Advertisement, please contact our official ad agency