These Are The Top Stock Holdings Of The World’s Biggest Pension Fund

After three consecutive quarters of losses, the world’s biggest pension funds, Japan’s Government Pension Investment Fund, posted its first modest profit in the third quarter ended Sept. 30, providing a reprieve to the state money manager after it had come under attack in recent quarter for taking on too much risk by taking on too much exposure in risky assets.
The GPIF returned an annualized 1.8%, or 2.4 trillion yen ($21 billion) in the third quarter, boosting assets to 132.1 trillion yen, or roughly $1.17 trillion at today’s exchange rate, it reported on Friday. Domestic and foreign equities added 3.1 trillion yen as they recovered from their Brexit rout, outweighing a loss of 706.9 billion yen on bond holdings. Even with the modest rebound, the fund’s cumulative profits since fiscal 2001 remained over 8 trillion yen below its recent all time high gains achieved at the end of fiscal 2014 when it had generated cumulative profits of 50.7 trillion yen.

This post was published at Zero Hedge on Nov 25, 2016.