Teachers lay foundations for big move into property

The 700 billion yen Teachers’ Mutual Aid Co-operative Society has voted to invest in real estate for the first time in its 47-year history, Toru Higuchi, a general manager in the organization’ s asset managment  department told Bloomberg.

As part of a new investment strategy to counter the decline in the value of stocks and bonds, the Society will begin allocating as much as 60bn yen to REIT’s and hedge funds as early as September.

“We have drastically changed our way of managing assets”, Higuchi said in an interview. “We aim to expand our choice of investment to diversify risks.”  Stocks that provide stable dividends will also warrant Teachers’ investment.

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At the Tokyo close on Monday 19 March the yen was US$1=83.10

© 2012 Japan Pensions Industry Database/Jo McBride. Reporting on, and analysis of, the secretive business of Japanese institutional investment takes commitment, money and time. This blog is one of the products of such commitment. It may nonetheless be reproduced or used as a source without charge so long as (but only so long as) the use is credited to www.ijapicap.com.

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