Japan’s GPIF posts $28 billion Q1 investment loss on market turmoil

A sign from Japan’s Government Pension Investment Fund (GPIF) is seen at its reception in Tokyo, Japan on November 16, 2018. REUTERS/Toru Hanai

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TOKYO, Aug 5 (Reuters) – Japan’s Government Pension Investment Fund (GPIF) on Friday reported an investment loss of 3.75 trillion yen ($28.13 billion) for April-June, the second consecutive quarter of negative returns, as Fears of an economic slowdown have affected global stocks. Market.

The world’s largest pension fund lost 1.91% for three months, taking its total assets to 193.126 trillion yen, a statement said.

The loss increased from 1.1% in the previous quarter, which represented the fund’s first quarterly loss in two years.

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During the April-June period, the Dow Jones Industrial Average (.DJI) dropped 11%, while Japan’s Nikkei stock average (.N225) fell 5%.

GPIF’s foreign stock portfolio lost 5.36%, while its Japanese stock portfolio lost 3.68%.

Its Japanese bond portfolio declined 1.31%, while its foreign bond portfolio gained 2.71%.

As of the end of June, Japanese bonds accounted for 25.65% of its portfolio and 25.70% for foreign bonds. Foreign equities contribute 24.12% and domestic equities contribute 24.53%.

($1 = 133.3000 yen)

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Reporting by Makiko Yamazaki Editing by Sri Navaratnam and Muralikumar Anantharaman

Our Standards: Thomson Reuters Trust Principles.

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