World’s Largest Pension Fund GPIF Has $17 Billion Gain
- Japanese stocks are the GPIF’s best-performing investment
- Fund posts sixth quarter of gains, assets climb to record
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The world’s biggest pension fund had a 1.8 trillion yen ($17 billion) gain for its sixth straight quarter of positive returns, thanks to the strong performance of Japanese stocks.
Japan’s Government Pension Investment Fund gained 0.98% in the three months ended September, with assets climbing to a record 194.1 trillion yen, the fund said in Tokyo.