Category Archives: Articles

Pensions quit bonds for alternatives & pooled JP Morgan finds

As Japanese defined-benefit pension funds tip-toe their way across a low returns minefield seeded with opportunities which could just as easily blow up as blossom, they are increasingly favouring allocations to ‘alternatives’ and ‘general accounts’, this year’s poll by JP … Continue reading

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GPIF’s buoyant returns on equities boost assets to record level

The Government Pension Investment Fund made a return of 5.86% in the year to 31 March, enjoying investment income of 7,936.3 billion yen that helped to bring its assets to a record 144,903.4bn yen, its just-published summary results show. The … Continue reading

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GPIF goes ESG, misses point on own stewardship

The Government Pension Investment Fund had by the end of June committed 1 trillion yen of 3 trillion yen which it plans to invest over the next three to five years in about 300 “companies with strong governance that protect … Continue reading

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Institutional assets under management continue to mark time

The business of managing Japanese institutional pension investments in segregated accounts is in stasis. There is little by way of new business and with the big shifts in asset allocation seen two to three years ago now done, the composition … Continue reading

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Where will the trillions of dollars from Fed shrinkage go?

The US Federal Reserve intends to shrink its balance sheet by not reinvesting in government debt the repayments of principal it will receive as its current holdings of such paper mature, according to an addendum to the central bank’s decision … Continue reading

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Life cos’s allocations steady as they take wait-and-see stance

Japan’s life insurance companies closed the financial year on 31 March with their investment portfolios in a holding pattern that has them opting to ride out market movements and resistant to the usual end-of-term window dressing. Figures just released by the … Continue reading

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Life insurers ask BoJ to map out how it will exit easing

‘”The BOJ shouldn’t be afraid of revising (its exit strategy) in the future and openly debate the subject now, paying heed to market voices,” Akio Negishi, chairman of the Life Insurance Association of Japan, told a news conference on Friday’ … Continue reading

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GPIF’s Mizuno “not satisfied” with asset managers’ governance

Japanese asset managers  … “have to have best-in-class corporate governance before they ask their portfolio companies to improve their corporate governance… ‘I’m not very satisfied so far’”,  GPIF’s CIO Hiromichi Mizuno told a London conference on Tuesday according to Investment … Continue reading

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Pension amounts in pooled accounts falls 4.4% to 78.5tr yen

Trust banks and life insurance companies acted as sokanji to 13,650 corporate pension funds in the year ending 31 March 2017, down by 150 from a year earlier, figures just published by the Life Insurance Association show. In this powerful … Continue reading

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New code requires specifics on institutional shareholder votes

Update: By day’s end Sumitomo Mitsui Trust Bank, which nowadays likes to be known as SuMi TRUST, had issued a statement noting the importance of stewardship to its soul: “SuMi TRUST understands the revised guidelines, in particular, with regards to … Continue reading

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