World’s Largest Pension Fund Gains $21 Billion
The world’s largest pension fund posted its first profit of $21 billion for the first time in four quarters after stocks rebounded. The Government Pension Investment Fund returned 1.8% or 2.4 trillion yen ($21 billion) in the three months ended 30th Sept.
“The Government Pension Investment Fund returned 1.8% or 2.4 trillion yen ($21 billion) in the three months ended 30th Sept. “
The fund has lost more than 15 trillion yen over the previous quarters, erasing all the gains from their investments since it changed its strategy in 2014 by increasing shares and cutting debt. The prospect of better performances could help to put an end to complaints at home at their investment approach is too risky.
Related Reports: Bloomberg
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.
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