Japan’s Government Pension Investment Fund lost 3.9 per cent, or 5.2 trillion yen ($52 billion), in the three months ended June 30, reducing assets to 129.7 trillion yen, it said in Tokyo this morning. That erases a 4.1 trillion yen investing return for the previous six quarters starting in October 2014, the month it decided to put half its assets into equities.
The fund’s Japanese shares sank 7.4 per cent in the period as the benchmark Topix index lost 7.5...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team