(GPIF) Japan’s Government Pension Investment Fund, which is the world’s biggest, reaching a record 191.6 trillion yen or $1.75 trillion in assets after a robust quarter.
For the quarter that ended June, GPIF saw its assets surge by 2.7%, which boosted AUMs by 4.98 trillion yen or $45.4 billion.
The surge in assets in the quarter was attributed to the uptick in global equities following economic reopening and Covid-19 vaccine rollout.
Overseas stocks returned 8.6%, the best performing, as domestic shares shed 0.3%. Japanese bonds contributed to a 0.5% surge while foreign bonds added 1.9%.
Cumulative return by GPIF has now surpassed 100 trillion yen, including dividend income and interest, since 2001 when it started managing Japan’s pension reserves.
