The $1.2 trillion state pension fund hires eight firms to manage overseas stocks, and is finalising domestic equity mandates. It comes after record losses in domestic bonds.
Tag : gpif
Unless Japanese pension funds start investing in the domestic equity market, participants should expect a reversal, says Robeco CIO Arnout van Rijn.
The $1.3 trillion pension fund is raising allocations to global equities and bonds. Its director-general of research, Tokihiko Shimizu, discusses its outlook on emerging markets and alternative and private investments.
With the yen expected to cease its inexorable rise, retirement plans in Japan may finally look abroad for yield. That will please foreign fund houses.
