Fund management firms hired by the Government Pension Investment Fund brought home the bacon again in the July-September quarter — keeping putting all components of the world’s largest institutional investor’s portfolio ahead of their benchmarks for the first half of the 2017/18 financial year.
At the same time the Fund has begun inviting proposals for ESG indices to be applied to passive investment in foreign equities which it proposes to begin next year.
On 30 September GPIF had assets of 156.81 trillion yen on investment income for the quarter just closed 4.45tr, a rate of return of 2.97%.
Asset allocation remained almost the same as at the end of the previous financial year with a continuing shift out of bonds which is usually done by investing the proceeds from maturing Fiscal Investment and Loan Program (FILP) paper elsewhere in the portfolio.
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