The foreign equities mandates awarded by the Government Pension Investment Fund three years ago appear to be entering a review/renew phase and GPIF may be taking the opportunity to consider expanding its allocation to developed-country stocks.
The benchmark against which new or refreshed mandates will be measured is the MSCI Kokusai index.
For a full list of who currently manages what for GPIF and how its portfolio was divided at 31 March 2011 see “the Giants” section of this blog. Its annual report typically appears in October.
The Fund said recently that it is seeking to reduce the number of firms with which it deals.
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