Latest news with #GovernmentPensionInvestmentFund
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
Nikkei Asia
04-07-2025
- Business
- Nikkei Asia
Japan pension whale GPIF posts $678bn in returns over 5 years
Japan's Government Pension Investment Fund is one of the world's largest institutional investors. (Photo by Nikkei) AKIRA INUJIMA and JUMPEI KINEFUCHI TOKYO -- Japan's Government Pension Investment Fund enlarged its assets by 98 trillion yen ($678 billion) over five years ending with fiscal 2024 while posting returns of 1.7 trillion yen, or $11.8 billion, for that final fiscal year, the fund reported on Friday. Rising stock prices at home and abroad drove the heavy gains over the medium-term period. But the weak yen also played a role, accounting for about 40% of the increase, prompting concern about a backlash as the Japanese currency strengthens.
04-07-2025
- Business
Japan's GPIF Logs 1.7-T.-Yen Profit in FY 2024
News from Japan Economy Jul 4, 2025 16:04 (JST) Tokyo, July 4 (Jiji Press)--Japan's Government Pension Investment Fund said Friday that it posted an investment profit of 1,733.4 billion yen in fiscal 2024, thanks mainly to gains on foreign stocks, marking the fifth consecutive year of surplus. On the other hand, investments in domestic bonds were sluggish, due to an interest rate hike by the Bank of Japan. END [Copyright The Jiji Press, Ltd.] Jiji Press
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.
