Long-term focus - JAPAN REPORT - Magazine | Asia Asset Management
Published: October 3, 2023
Japan’s Government Pension Investment Fund (GPIF) suffered four consecutive quarters of losses in 2022 for the first time since 2009, returning...
Source: asiaasset.com
Related Topics:
Japan Government Pension Investment FundGovernment Pension Investment FundJapan Amp Rsquos Government Pension Investment Fund Gpif Suffered Four Consecutive Quarters Of Losses In 2022 For The First Time Since 2009Eturning To Surplus Only In The First Three Months Of This Year Although Pension Giant Stresses Its Commitment Long Term Investment HorizonsOme Analysts Question Its Agility And The Wisdom Of Relatively Rigid Investment Allocations Fund Amp Rsquos 2022 Annual Report States That Mission Ldquo Is To Manage Pension Reserves Stably Efficiently Froma Long Term Perspective For Benefit PublicHereby Contributing To The Stability Of Pension Finance Amp Rdquoa Senior Gpif Official Explains That Fund Establishes Its Policy Asset Mix In Medium Term Plan For Five Years Ldquo Current Which Started April 2020 Consists 25 Domestic Stocks5 Foreign Stocks5 Domestic Bonds And 25 Foreign ThusHe Current Ratio Of Investment Abroad To In Japan Is 50Mp Rdquo The Official Says In An Interview With Asia Asset ManagementPeaking On Condition Of Anonymity Amp Nbsp This Fixed Allocation Means That For Better Or WorsePif Portfolios Are Very Much Subject To Broad Market Movements While This Providesa Degree Of Stabilising DiversificationT Works Against Nimble Redeployment Of Assets In Order To Maximise Gains For ExampleVery Gpif Asset Class Suffered Negative Returns In July Through September 2022 Its Holdings Of Foreign Bonds Lost 764 4 Billion Yen Us 5 15 While Domestic 398 2 MeanwhileHe Fund 039s Holdings Of Japanese Stocks Slid 367 9 Billion YenHile Its Foreign Equities Sank 191 6 Billion YenCcording To The Local Nikkei Daily Amp Nbsp This JulyHe Gpif Announced That It Had Made An Investment Gain Of 10 3 Trillion Yen In January Through MarchNding The Four Quarter Losing Streak And Raising Its Total Assets To Above 200 Trillion Yen This Came On Back Of Robust Gains In Domestic International Equities With Markets Behaving Increasingly Volatile Fashion Lately Both Equites Bonds GroundOme Analysts Argue That The Pension Fund Amp Rsquos Asset Allocations May Need To Become More Flexible In Order Maximise Portfolio Returns But As Of NowT Appears To Be Standing Firm Amp Ldquo The Next Policy Asset Mix Will Implemented From April 2025 But Has Yet DeterminedMp Rdquo The Gpif Official Says Amp Nbsp Investment Targets As An Incorporated Administrative Agency Established By Government And Largest Public Fund Investor In Japan AssetsPif Amp Rsquos Allocations Are Closely Watched By Markets On Whether The Fund Intends To Broaden Its Investment UniverseNd If So Into Which New Asset ClassesHe Official Says That Amp Ldquo We Have Already Broadened Our Investment Universe And There Are No Further Plans At The Moment Rdquo Under Medium Term Objectives Established By Minister Of Health 
