Tokyo’s asset management firms enjoyed a steady second quarter, figures from the Japan Investment Advisors Association show, with mandates in issue up 1.3% to 7,319 and assets under management rising 3.0% to 2,285,192 billion yen with a good part of that gain coming from rising stock markets at home and abroad. Text continues below table
At the close of the quarter on 30 September each mandate in issue covered an average of 312.2bn yen in assets but the wide difference remains between those awarded by public pensions (including the Government Pensions Investment Fund which handles the contributions of the populace to the national basic pension) and those from company-based schemes.
Asset allocation also held steady with a slight rundown of amounts in ‘short-term’ investments except for those in Asia which rose mightily but from a very low base.
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This blog would not exist without the help and humour of Diane Stormont, 1959-2012