World's Biggest Pension Fund Has Best Gain in Three Years
- GPIF achieves 6.9% return in fiscal year ended March
- Fund’s assets reached record high in last three months of 2017
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The world’s biggest pension fund posted its best annual gain in three years despite a loss during the final quarter of its business calendar.
Japan’s Government Pension Investment Fund returned 6.9 percent, or 10.1 trillion yen ($91 billion), in the year ended March 31, with assets totaling 156.4 trillion yen, it said in Tokyo on Friday. Domestic stocks were the fund’s best performing investment, adding 5.5 trillion yen, followed by a 3.5 trillion yen increase in overseas shares. Domestic bonds gained 362 billion yen, while overseas debt rose 674 billion yen.