GPIF’s equity gains argue for EM mandates

Mar 11, 2012

Japan’s $1.3 trillion Government Pension Investment Fund reports FYQ3 gains from international equities even as it delays moving into emerging markets.

GPIF’s equity gains argue for EM mandates

The ¥108 trillion ($1.3 trillion) Government Pension Investment Fund had a good quarter. It has reported that from October to December (third quarter, as its fiscal year ends March 31), it made investment income of ¥618.7 billion ($7.6 billion) and a total rate of return of 0.58% on its portfolio.

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