GPIF's record return lifted by domestic and global equities

Japan’s Government Pension Investment Fund (GPIF) is the latest major Asian institution to announce exceptional annual investment results. The world’s largest pension fund had increased is active allocations in the past year, under the guidance of new CIO Hiromichi Mizuno. The result was a 12% overall return for the portfolio, with Japanese and international equity exposures providing much of the excess return. It is the best result the fund has recorded since it was set up in 2…