Latest news with #GPIF
Business Times
06-07-2025
- Business
- Business Times
Japan's US$1.7 trillion fund boosts ESG holdings as others flee
[TOKYO] Japan's US$1.7 trillion Government Pension Investment Fund (GPIF) has added to its environmental, social, and governance (ESG) investments, rejecting the shift away from green strategies by many global asset managers. GPIF held about 18.2 trillion yen (S$160.5 billion) of assets tracking ESG indexes at the end of March – or 14.7 per cent of the fund's equity investments – up from 17.8 trillion yen a year earlier, according to documents published on Friday (Jul 4). The fund posted a quarterly loss on a declining dollar and weaker domestic assets. ESG funds have experienced record outflows as many investors shun a strategy that has been plagued by lacklustre returns, regulatory fatigue and political backlash, particularly from President Donald Trump's administration in the United States. GPIF and Norway's US$1.9 trillion sovereign wealth fund are seen as rare examples of major investors that are continuing to support sustainability-related securities. Japan has a positive outlook for ESG investments through the rest of the year, supported by GPIF's plans to continue to add green holdings and a push by the Tokyo Stock Exchange to overhaul corporate governance, according to Bloomberg Intelligence. BLOOMBERG
Japan Times
04-07-2025
- Business
- Japan Times
GPIF logs $61 billion loss as weak dollar hits overseas assets
The Government Pension Investment Fund (GPIF) has suffered a quarterly loss as a depreciating dollar dragged down the value of its overseas securities and domestic assets slumped. GPIF, one of the world's largest state pension funds, lost ¥8.815 trillion ($61.1 billion), or 3.4%, in the January-March period, with assets totaling ¥249.8 trillion at the end of the quarter, it said in Tokyo on Friday. On an annual basis, the fund had a 0.7% return. The quarterly loss came as the rumblings of a global trade war due to higher U.S. tariffs hurt equities and the outlook for interest-rate cuts dragged down the dollar against the yen. GPIF incurred losses on all four of its asset classes for the first time since July-September 2022. "The January-March investment performance was mainly due to a sharp decline in foreign stocks,' GPIF President Kazuto Uchida said at a news conference after the announcement of the results. "We are considering increasing the ratio of active management.' Overseas investments slumped 6% for stocks and 2% for bonds during the quarter. Japanese stocks dropped 3.5%, while domestic debt slid 2.2%. During the quarter, the MSCI All-Country World Index of global stocks fell 1.7% and the S&P 500 dropped 4.6% as the Topix lost 4.5%. Yields on 10-year Treasurys dropped more than 30 basis points, while benchmark Japanese bond yields climbed around 40 basis points. The dollar fell 4.6% against the yen.
Bloomberg
04-07-2025
- Business
- Bloomberg
Japan's $1.7 Trillion Fund Boosts ESG Holdings as Others Flee
Japan's $1.7 trillion Government Pension Investment Fund has added to its ESG investments, rejecting the shift away from green strategies by many global asset managers. GPIF held about ¥18.2 trillion ($126 billion) of assets tracking environmental, social and governance indexes at the end of March — or 14.7% of the fund's equity investments — up from ¥17.8 trillion a year earlier, according to documents published Friday. The fund posted a quarterly loss on a declining dollar and weaker domestic assets.
Bloomberg
04-07-2025
- Business
- Bloomberg
GPIF Posts $61 Billion Quarterly Loss as Weak Dollar Hits Assets
Japan's Government Pension Investment Fund suffered a quarterly loss as a depreciating dollar dragged down the value of its overseas securities and domestic assets slumped. GPIF, one of the world's largest state pension funds, lost ¥8.815 trillion ($61.1 billion) in the January-March period, with assets totaling ¥249.8 trillion, it said in Tokyo Friday. The loss came close to its loss of ¥9.128 trillion in the July-September quarter.
Bloomberg
30-06-2025
- Business
- Bloomberg
Top Global Pension Fund Japan GPIF's President Got $202,000 Pay
Japan's Government Pension Investment Fund, one of the world's largest retirement funds, said its departed president's compensation rose slightly in fiscal 2024 to ¥32.41 million ($202,000). The pay for Masataka Miyazono, who stepped down in March, rose ¥330,000 from the previous year, GPIF said. The compensation level was determined in reference to salaries at the Bank of Japan and other state-backed financial institutions, it said in a statement.
