GPIF president denies reform is a stock-boosting step

Dec 2, 2014

GPIF president denies reform is a stock-boosting step

The president of the giant public pension fund says the fund’s recent decision to change its investment portfolio was a measure to boost domestic stocks. “We are not deliberately increasing stockholding to embody ‘Abenomics,’ ” Takahiro Mitani, president of the Government Pension Investment Fund, ...

Nov 25, 2014

GPIF assets swell to record ¥130.9 trillion in September

Japan’s giant public pension fund said Tuesday its total assets swelled to a record ¥130.9 trillion as of Sept. 30, increasing by ¥3.62 trillion over the three months from July. The Government Pension Investment Fund, the world’s largest institutional investor, also said the proportion ...

Oct 31, 2014

Wall St. up on GDP, earnings; fund yearend lifts winners

U.S. stocks rose on Thursday, boosted by a strong reading on quarterly economic growth and by another round of upbeat earnings reports, including Visa, which accounted for nearly 140 points in the Dow industrials. Despite the bullish data and the Federal Reserve’s Wednesday statement ...

Oct 20, 2014

GPIF to boost share allocation to about 25%, Nikkei reports

Japan’s $1.2 trillion retirement fund will increase its allocation target for shares to about 25 percent from 12 percent, the Nikkei newspaper reported without attribution. The Government Pension Investment Fund will also boost its holdings of foreign bonds and stocks to about a combined ...

GPIF would be 'stupid' to give asset goals first, Ito says

Oct 17, 2014

GPIF would be 'stupid' to give asset goals first, Ito says

The governmental ¥128 trillion retirement fund would be “stupid” to announce its new investment strategy before adjusting asset allocations, says Takatoshi Ito, a top adviser to the Abe administration on overhauling public pensions. Publishing target weightings in advance would move markets, forcing the Government ...