Intellasia East Asia News – Japan’s GPIF posts $28 billion Q1 investment loss on market turbulence

Japan’s government Pension Investment Fund (GPIF) reported on Friday an investment loss of 3.75 trillion yen ($28.13 billion) for April-June, the second consecutive quarter of negative returns, as economic slowdown fears hit global stock markets.

The world’s largest pension fund lost 1.91 percent for the three months, trimming its overall assets to 193.126 trillion yen, it said in a statement.

The loss widened from 1.1 percent in the previous quarter, which represented the fund’s first quarterly loss in two years.

During the April-June period, the Dow Jones Industrial Average (.DJI) dropped 11%, while Japan’s Nikkei stock average (.N225) fell 5%.

The GPIF’s foreign stock portfolio posted a loss of 5.36%, while its Japanese stock portfolio had a loss of 3.68%.

Its Japanese bond portfolio posted a loss of 1.31%, while its foreign bond portfolio gained 2.71%.

As of end-June, Japanese bonds accounted for 25.65 percent of its portfolio and foreign bonds accounted for 25.70%. Foreign equities accounted for 24.12 percent and domestic equities 24.53%.

($1 = 133.3000 yen) billion-investment-loss-q1-market-turbulence-2022-08-05/


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