Monthly Archives: October 2014

Government stops talk of firing big GPIF bazooka, and does it

The Government Pension Investment Fund has changed the allocation targets of its 126.6 trillion yen portfolio to 25% Japanese stocks (up from 12%), 25% foreign stocks (12%), 15% foreign bonds (11%) and 35% domestic bonds (60%) with no stated level … Continue reading

Posted in Articles | Leave a comment

Engagement not yet in gear but motor seems to be ticking over

Misaki Capital has formed a strategic tie  with Sumitomo Mitsui Trust Bank and Sumitomo Mitsui Asset Management. Founded in October 2013 by former staffers at Asuka Corporate Advisory, Misaki Capital said in March that it planned to offer, as early … Continue reading

Posted in Articles | Leave a comment

Mutual funds’ foreign holdings up by 11.51% in first half

The value of Japanese mutual funds’ US dollar -denominated holdings rose 11.51% in the first half of the 2014/15 financial to reach 14,628,549 million yen on 30 September, according to figures submitted to the Investment Trusts Association by its members. … Continue reading

Posted in Articles | Leave a comment

Life insurers reveal little of 2nd half asset allocation intentions

The results of Reuters latest poll of life insurers’ asset allocation intentions for the second half of the 2014/15 year — that is 1 October 2014 to 31 March 2015 — are in and reproduced below. They herald no dramatic … Continue reading

Posted in Articles | Leave a comment

Déjà vu all over again for Government Pension Investment Fund

At the end of last week the Topix stock index was close to 12% down on its level three weeks earlier, there was widespread talk of Abénomics not working, and the value of the Japanese currency had been shown still … Continue reading

Posted in Articles | Leave a comment

Mitsui Sumitomo Trust Bank still the power to beat in pooled

In the long-ago land before the mid-1990s when Japanese companies invested their pension funds solely via pooled accounts at trust banks or life insurers — like the US before the ERSIA legislation —  foreign institutions regarded the acquisition of a … Continue reading

Posted in Articles | Leave a comment