World’s Top Pension Fund Books ‘Historic’ $339 Billion Gain
- Overseas stocks provided most of the gains for Japan’s GPIF
- Fund’s total assets rise to record $1.67 trillion as of March
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The world’s biggest pension fund posted a record return for the fiscal year ended March, boosting its assets to a new high and beating its benchmark for the first time in seven years.
Japan’s Government Pension Investment Fund booked a gain on its investments of 25%, or 37.8 trillion yen ($339 billion), in the 12 months ended March, the most since the fund started managing the nation’s pension reserves in 2001.