Friday April 3, 2020

World's biggest pension fund lost $52 billion in Q2

Japanese government fund hit by stronger yen and falling shares

26th August, 2016
Japan government's pension fund chief calm despite stock market losses. Pic: Getty

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...

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