Monthly Archives: September 2013

GPIF panel’s interim report talks the talk, skips the walk

Within 12 hours of each other yesterday Japanese Prime Minister Shinzo Abe addressed the New York Stock Exchange and the chairman of a panel reviewing the portfolio structures of the country’s public pension funds, Takatoshi Ito, held a news conference … Continue reading

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Sumitomo Mitsui Trust Bank still No 1 in pooled pensions – just

Sumitomo Mitsui Trust Bank is the new number one in the 7.7 trillion yen business of managing pooled corporate pensions monies. While this was expected following the 1 April 2012 merger between the former Sumitomo Trust & Banking and Chuo … Continue reading

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Government to implement tax rise — and defeat its purpose

Two thirds of the money raised by increasing Japan’s consumption tax from 5% to 8% next April will be spent on economic “pump priming” activities, the daily Yomiuri Shimbun reported on Friday 13 September. If correct this is crazy since the … Continue reading

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GPIF awards eight mandates to old hands and newcomers

The Government Pension Investment Fund has awarded eight mandates for actively managed international equities with a total of 159 billion yen to: Amundi Japan BNY Mellon Asset Management Japan [sub-advised by its wholly owned subsidiary Walter Scott & Partners] MFS … Continue reading

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Good-ish Q1 for Government Pension Investment Fund

GPIF enjoyed a time weighted return of 1.85% in the April-June period when it beat the benchmarks on two of its four portfolio components. While it lost 1.48% on the 51.55% it holds in domestic bonds that is still 0.03% … Continue reading

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