Stock Boom Helps Japan’s GPIF to $100 Billion Quarterly Gain
- Japan’s GPIF posts 6.3% gain in October-December quarter
- Foreign stocks are best performers, followed by Japan shares
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The world’s biggest pension fund posted a 10.4 trillion yen ($98 billion) gain in the three months ended December, lifting assets to a record as global equity markets extended their recovery from the pandemic.
Japan’s Government Pension Investment Fund gained 6.3%, with assets reaching 177.7 trillion yen, the fund said in a statement. Overseas stocks were its best-performing investment, returning 11.9%, followed by an 11.3% return in domestic stocks. Overseas debt gained 1.2%, while Japanese debt added 0.02%.