World’s Largest Pension Fund Needs More Risky Business: Gadfly
It’s time the world’s largest pension fund boosted its risk appetite again.
Japan’s Government Pension Investment Fund has been fleeing local government bonds ever since it doubled its allocation targets for domestic and overseas stocks in late 2014. It’s likely to have already exceeded that quota due to the global equities bull run.
As of Sept. 30, the latest data available, GPIF’s portfolio weighting in local and international shares was already within 1 percentage point of its target of 25 percent in either category. Since then, in dollar terms, the Topix and MSCI World Index have increased 14 percent and 11 percent, respectively.
Read More: Washington Post
