JapanÆs PFA buys amid stock turmoil
The Pension Fund AssociationÆs new investment strategy requires it to increase its exposure to global equities even as volatility sends stockmarkets on a rollercoaster ride.
JapanÆs $110 billion Pension Fund Association, one of the countryÆs largest and most influential government-backed institutional investors, has initiated a new asset-allocation strategy that emphasizes its funding level rather than a particular risk or return target.Implementation began two weeks ago û just in time for the wave of sell-offs that roiled stockmarkets from Tokyo to Mumbai.Daisuke Hamaguchi, director of investments, says the timing has made for a scary debut, because the …
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